Similar Stories to Department Stores Dead? Not Yet -- And Macy's Boffo Earnings Show Why on Bing News

Macy's saw a sales increase at the start of the year that led to a $131 million profit, and surpassed the expectations of Wall Street.       

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    Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in erroneously reported expenses. The company said it discovered the issue ...
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    Macy’s Inc. said it would delay its third-quarter earnings release after an investigation revealed an employee hid more than $100 million of expenses. An employee “intentionally” made erroneous ...
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    An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.
    11/25/2024 - 2:44 am | View Link
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