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 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 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 said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million ...

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 Inc (NYSE: M) raised its sales guidance for the full year on Wednesday. Shares of the department store chain are still ...

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.

As activist pressure builds, Macy's is looking to convince shareholders its Bold New Chapter strategy is strong enough to propel it into the future.