Investigation Reveals Loan Wolf Ex-Employee Cost Macy’s $151 Million
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 probe reveals employee hid $151 million in delivery expenses
Retail giant Macy's said on Wednesday said it concluded an independent investigation into an employee who purposely hid $151 million in delivery expenses over nearly three years, forcing it to revise
Macy's ends delivery expense investigation, saying employee hid $151 million
Macy's on Wednesday said it has concluded an investigation into an employee who intentionally hid about $151 million of delivery expenses. In a statement, CEO Tony Spring said the retailer is "strengthening our existing controls and implementing additional changes designed to prevent this from happening again and demonstrate our strong commitment to corporate governance.
Macy's confirms employee hid $151M in expenses to cover mistakes
Macy’s revealed new details about an employee who hid millions of dollars, saying what started as a single mistake led to years of cover-up.
Here’s how a Macy’s employee hid more than $150M worth of expenses
Macy’s said it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses.
Macy's: Worker Hid $151M in Expenses to Cover Up Error
Macy's finally released its Q3 earnings on Wednesday, more than two weeks after it said it had to postpone the report due to preliminary findings about a rogue worker who'd concealed millions of dollars in expenses.
On the naughty list: Bloomingdale’s Santa faces backlash from parents — because he’s wearing green
According to one of the workers at Santland who’s dressed as an elf, one baby started crying when they saw Santa in ...
Activist investor group pushes Macy's to consider options for Bloomingdale's
Barington Capital and Thor Equities urged Macy's to create a real estate unit and consider options for its Bloomingdale's and ...
Macy’s tightens financial controls after employee covered up what became a $151 million mistake
Macy’s reported a decline in profits and sales for its third quarter with many customers of the department store chain ...
Activist investor pushes Macy’s to expand Bloomingdale’s business, create real estate unit
Barington Capital partnered with real estate firm Thor Equities on its investment, according to a presentation for Macy’s ...
Macy's Financial Woes Continue as Shares, Profit and Sales Slump
Macy's financial woes continue with the company reporting a notable dip in third-quarter profits and sales, reflecting a ...
Macy’s Pushed to Find Options for Bloomingdale’s and Bluemercury by Activist Investor
Barington Capital wants the storied retailer to spin off the two chains and get more value out of its real estate.
Activist firms demand Macy’s consider options for Bloomingdale’s
The department store is winding up the year as it began, with investors on its case — this time it's Barington Capital Group ...
Looking for great holiday gift ideas? Bloomingdale’s has your back
Whether you’re seeking something for your favorite Broadway maven, fitness fiend or fashion fanatic — or simply looking to ...
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2024 Holiday Gift Ideas from Bloomingdale’s Ala Moana
Kelly stopped by Bloomingdale’s Ala Moana for some holiday gift inspiration and caught up with Alicia Michioka, who showcased a selection of standout items perfect for the season. From luxury ...
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 offers a mixed outlook after reporting third quarter profit and sales declines
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 ...
Shop Michael Kors on sale during the Bloomingdale’s Friends & Family Sale
Holiday shopping hasn’t been simpler than it is now, even if you’re still on the hunt for a last-minute gift idea. Enter the Bloomingdale’s Friends & Family Sale. Now’s your time to indulge in luxury ...