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The problem, they say, is Macy’s is sitting on real estate that is more valuable than the company itself — an untenable situation that masks the true value of the company. Macy’s struggles ...
As announced last year, Macy's department stores across the United States have been closing as part of a wider plan to shut down 150 locations through 2026. Last year, Macy's shuttered 50 ...
Macy's still plans to close a total of about 150 underproductive stores, while investing in its 350 current Macy’s locations, through the company's 2026 fiscal year, which ends Jan. 30, 2027 ...
Here is the complete list of stores Macy's will close in 2025. California authorities give update on L.A. fires and announce school closures Blue Origin to launch New Glenn rocket after 10 years ...
Ricky Mulvey: It's wicked week, but it's also a week for Macy's. You'd think we'd be talking about the Macy's Thanksgiving Day parade this week, but Macy's has a problem going on at the corporate ...
Macy's said an employee intentionally made accounting errors totaling $132 million to $154 million. Auditing experts told BI the available evidence suggests a failure of internal accounting controls.
Macy's third quarter earnings report also further addressed any potential impact on its financial performance after an employee allegedly hid $151 million in delivery expenses over a nearly three ...
Macy's has delayed Q3 earnings as it investigates over $130 million in hidden expenses. Macy's said a single employee was responsible for "erroneous accounting accrual entries." The employee is no ...