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The employee is no longer working at Macy's, the company said. Macy's delayed its third-quarter earnings, saying it is undertaking a forensic investigation into a single employee's concealment of ...
The investigation found the employee (who is no longer working at Macy’s), had made one accounting mistake in late 2021, which snowballed into years of coverup, a person briefed on the probe ...
Macy's so-called First 50 stores – which are the ones Macy’s has renovated and put more effort into with extra customer service — produced a comparable sales gain of 1.9% in the latest quarter.
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Macy's said Wednesday that it has tightened internal financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly ...
On February 2, 2009, Macy's announced the elimination of 7,000 jobs, or 4% of its workforce, and slashed its dividend as it looked to lower expenses as part of a major restructuring. Cincinnati-based Macy's Inc. stated that the workforce reduction included positions in offices, stores, and other locations, and the cuts include some unfilled jobs.
The Stock Advisor service has more than ... If you look at Macy's 10K, delivery expense is not a component of merchandise margin, so rather it's part of what companies list out as SG&A. Sales ...
Macy's said its CEO Tony Spring and financial chief Adrian Mitchell, under the board's oversight, re-evaluated the effectiveness of the internal control and noted that its financial reporting was ...