Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over the course of nearly three years. The person who ...

NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE: M) today reported financial results for the fourth quarter and fiscal 2021 and provided 2022 guidance. “Our results in the fourth quarter delivered a ...

After suffering mightily during the early months of the COVID-19 pandemic, department stores experienced a stunning improvement in their fortunes during 2021. Many major department store chains posted ...

The accounting irregularities prompted the company to delay reporting its full third-quarter results for 2024 Deb Cohn-Orbach/UCG/Universal Images Group via Getty ...

Macy's sales and earnings again exceeded pre-pandemic levels last quarter. While the department store chain expects earnings to moderate in fiscal 2022, it is projecting a return to growth thereafter.