The chain, which is 95 years old, is ramping up store closures this year as it struggles to revive its faltering business.

Macy’s (M) practically owns the holiday season. The department store that is famous for its luxury goods is also the source ...

Macy's (M) on Wednesday posted its official third-quarter results, after it concluded an internal investigation into an employee hiding up to $151 million of expenses that led to a delay in reporting.

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New York City, the shopping capital of the world, transforms into a bargain hunter’s dream every January. The city buzzes with energy as stores slash prices during their post-holiday sales. From ...

Macy’s would be more valuable if it just shut down its business and sold everything off for parts. That’s the argument activist investment firm Barington Capital and private equity firm Thor ...

Despite the store closures, Macy’s remains a major player in the retail world. As of December 11, 2024, the company reported on its website $4.7 billion in net sales for the year, reflecting a 2.4% ...

By Jordyn Holman With just two weeks until Christmas, Macy’s has been operating under a cloud. It lifted, in part, when the retailer on Wednesday gave more details about how an employee had ...

Macy’s said an investigation into accounting problems found that a rogue employee hid more than $151 million in expenses to cover up a bookkeeping mistake and wasn’t motivated by personal or ...

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 discovery of the accounting errors prompted the retailer in November to postpone reporting its quarterly financial results for two weeks, triggering a selloff of Macy’s shares. The stock ...