Department store chain Macy’s has been forced to slash its annual profit outlook after discovering that an employee concealed more than $150 million in delivery expenses.

Macy's shareholders Barington Capital Group and Thor Equities have urged the US retailer to explore structural changes and ...

Macy's financial woes continue with the company reporting a notable dip in third-quarter profits and sales, reflecting a consumer trend toward prioritizing essentials like groceries over discretionary ...

Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses, and it has tightened its controls to avoid a repeat of the ...

News of Monday's sale came the same day activist investors Barington Capital Group and Thor Equities made a series of ...

Macy’s is tightening financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years ...

NEW YORK (AP) — Macy's said Wednesday that it has tightened internal financial accounting measures after completing a probe ...

A grim prognosis from the Macy’s CFO that suggests that things are not likely to get much better in the foreseeable future, ...

Macy’s, the largest department store chain in the United States, is in the midst of its latest turnaround plan, overseen by ...

Macy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of ...

Macy’s profit and sales slumped in the third quarter with many customers of the department store chain continuing to divert ...

Macy's CEO Tony Spring provided a fresh update on the rogue employee who hid $151 million in delivery expenses since 2021 and disclosed the individual is no longer with the company.