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Macy's Stock Tumbles on Lower Sales, Resolved Accounting ProbeSales fell short of what analysts had expected, with sales declining at Macy's stores and rising at its higher-end brands Bloomingdale's and Bluemercury. The company's probe into an accounting ...
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Macy's tightens financial controls after employee covered up what became a $151 million mistakeNEW YORK (AP) — Macy's said Wednesday that it has tightened internal financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a ...
Macy's Inc. reported a first-quarter sales and profit decline, yet surpassed Wall Street expectations. The company is carefully managing its pricing strategy amid the evolving tariff landscape.
Additionally, shareholders ratified the appointment of KPMG LLP as Macy’s independent registered public accounting firm for the fiscal year ending January 31, 2026. According to InvestingPro ...
Macy’s is in the middle of shuttering one-third of its department stores as part of an ambitious consolidation that will leave it with 150 fewer locations by the end of next year. Could the ...
Breaking News Intern Macy’s isn’t eating President Donald Trump’s tariffs. The retail giant on Wednesday said it will raise prices to offset higher import costs, as the president’s trade ...
Macy’s (NYSE:M) most recent quarterly results beat Wall Street’s low expectations for the department store but a cautious full-year outlook—citing the impact of tariffs on costs and consumer ...
To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Macy’s Inc. reported a better-than-expected Q1, with net sales down just over 5% year over year to $4.6 ...
Macy's Q1 net sales hit $4.6 billion, down 5.1% Y/Y but above the $4.5 billion consensus. FY25 EPS outlook cut to $1.60–$2.00 from $2.05–$2.25; EBITDA margin ...
Macy's executives warned on Wednesday that the retailer will raise the prices of select products due to global tariffs. CEO Tony Spring, who took over last year to lead the company’s turnaround ...
Macy’s Inc. is facing Q2 impact from China goods bought at the 145% tariff rate For the full year, the company expects gross margin to take a 20-40 basis point hit from tariffs Macy’s has canceled and ...
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