Macys

Macy's Adjusts Profit Forecast Amid Accounting Oversight

12 days ago

In a significant development for the retail sector, Macy's Inc. has revised its full-year profit outlook, attributing the adjustment to an accounting error identified internally. This announcement has stirred concerns among investors and analysts, as the company navigates a challenging landscape marked by fluctuating consumer demand and a competitive market.

Macy's Faces Pressure from New Activist Investor to Establish Real Estate Division

14 days ago

In a strategic move that has captured the attention of the retail industry, Macy's Inc. is now facing demands from a new activist investor to spin off a portion of its real estate assets into a dedicated standalone entity. This development comes amid ongoing efforts from various stakeholders to enhance the retailer's value and operational efficiency.

Investigation Reveals Macy’s 'Impressive' Metrics Were Manipulated by Employees

27 days ago

Macy’s Inc., a staple of American retail, is facing scrutiny after a recent investigation uncovered that a previously praised financial metric was artificially inflated. According to sources, the internal measure, which the company showcased as a hallmark of its operational efficiency, was allegedly manipulated by employees who engaged in deceptive accounting practices to enhance financial results.

Macy's Delays Earnings Report Amid Ongoing Employee Investigation

28 days ago

In a surprising turn of events, Macy's has announced a postponement of its upcoming earnings report as the company navigates an internal investigation involving employee-related issues. This decision comes in the wake of rising scrutiny over corporate governance and ethical practices, raising questions about the retail giant's operational integrity.