The company has been implementing its strategy, A Bold New Chapter, focusing on enhancing the omni-channel shopping ...

NEW 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 span of ...

Both the clawbacks and the leadership shifts come about four months after Macy’s reported an individual employee had intentionally made “erroneous accounting accrual entries” which hid over ...

Macy’s is demanding its executives return bonuses they received last year that were linked to an accounting scandal caused by a rogue employee, the company said in a filing on Monday.

Some Macy's executives have to pay back bonuses as a result of an accounting scandal. Macy's overstated one of its earnings metrics in 2023, leading to the inflated bonuses. The executives owe ...

Macy’s Inc. is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay. The department-store operator tied executives’ cash bonuses to ...

Macy’s is clawing back more ... the third quarter of 2024. The probe didn’t uncover evidence of missing cash or unpaid vendors and instead pointed to accounting errors by the former employee ...

Macy’s decision to not withdraw old financial statements despite making sizable adjustments to earnings figures after finding $151 million in false bookkeeping entries has some accountants ...

told analysts that Macy’s department stores had fully converted from RIM to cost accounting, saying, “I'm really excited about what it means” for buying, selling and other decisions.

Macy's says it will close more stores by the end of 2024 than originally planned as the company continues its "Bold New Chapter" strategy with a greater focus on luxury growth and modernizing ...

When Macy’s on Wednesday reported more details about the “hiding” of $151 million, it became clear their accounting controls simply didn’t work. It exposed a massive software hole in just ...

In late November, Macy's announced that an employee "with responsibility for small package delivery expense accounting intentionally made erroneous accounting accrual entries" to hide between $132 ...