Macy's employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say
Macy's on Wednesday said it has concluded an investigation into an employee who intentionally hid about $151 million of ...
Kroger-Albertson's grocery tie-up unravels; Macy's reports earnings after finding $151M in hidden expenses
NEW YORK — Albertsons gave up on its merger with Kroger and sued its rival grocery chain on Dec. 11, saying the Harris Teeter parent didn't do enough to secure regulatory approval for the $24.6 ...
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Macy’s speeds up store closures to amp up turnaround
The retailer also said that for nearly three years an employee hid about $151 million in delivery expenses but that the fraud didn’t affect sales.
Macy’s Details Multimillion-Dollar Accounting Error in Downbeat Report
Macy’s, the largest department store chain in the United States, is in the midst of its latest turnaround plan, overseen by ...
Macy’s third-quarter profit and sales slide and so does its shares
Macy’s profit and sales slumped in the third quarter with many customers of the department store chain continuing to divert ...
Macy's cuts annual profit view as weak demand overshadows holiday sales
Macy's on Wednesday cut its annual profit forecast, sending shares down 10% as weak demand at its nameplate stores and heavy ...
Macy’s rogue employee hid $151M in expenses to cover up mistake, wasn’t motivated by personal gain
According to the Wall Street Journal, the employee told investigators about having mistakenly understated the amount of small ...
Macy’s cuts profit outlook as sales fall in run-up to holidays
Macy’s has slashed its annual profit outlook as the US department store chain said its sales fell in the lead-up to the key holiday shopping season.
Macy's tightens financial controls after employee covered up what became a $151 million mistake
Macy's profit and sales slumped in the third quarter with many customers of the department store chain continuing to divert ...
Macy’s Shares Fall After Profit Hit by Accounting Error
Macy’s Inc. trimmed its profit outlook after concluding its investigation into an employee plot to hide millions of dollars in expenses.
7 Best Department Store Stocks to Buy Now
With these trends in view, let’s look at the 7 best department store stocks to buy now.
Macy's Stock Slides After Delayed Earnings Disappoint Investors
Macy's shares skidded premarket after the department-store chain reported a drop in quarterly net sales and income. Its earnings release was delayed two weeks for a now-complete accounting probe. Dig ...