When Macy’s on Wednesday reported more details about the “hiding” of $151 million, it became clear their accounting controls ...
Activist investors called on Macy's Inc. to make sweeping changes, including exploring strategic alternatives for ...
5d
According to the Wall Street Journal, the employee told investigators about having mistakenly understated the amount of small ...
Nordstrom and Macy’s abandoned the ‘retail inventory method’ after using it for decades. Here’s why.
The accounting practice, embraced by department stores in the 1920s, is outdated, skews key metrics and fosters bad decisions ...
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