Macy’s, Big Lots join other US retailers in shutdown of thousands of stores
The store closures are driven by cautious consumer spending due to inflation, higher interest rates and crushing levels of ...
Austin American-Statesman20d
Macy's to close 15 more stores than planned, total of 65 to shutter by end of January 2025
Department store giant Macy's says it will close more locations than it had originally planned. The chain now intends to close 65 stores by the end of January 2025. In a Q3 earning call Thursday ...
Fox Business22d
Macy's accelerates store closures this year
Macy's, which launched a comprehensive strategy to revive its struggling business, on Wednesday announced that it is accelerating its planned store closures for the year. CEO Tony Spring told ...
CNN24d
Macy’s is in deep trouble. It could be sitting on a gold mine
Macy’s would be more valuable if it just shut down its business and sold everything off for parts. That’s the argument activist investment firm Barington Capital and private equity firm Thor ...
AOL23d
Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup
The accounting investigation caps off a challenging year for Macy’s. In January, the retailer announced it would lay off 3.5% of its workforce and rejected a $5.8 billion takeover from hedge ...
These retailers are closing stores in 2025
Major retailers are shutting down stores nationwide next year as the companies try to adjust their business operations and ...
AOL29d
A Macy’s employee made accounting errors ‘intentionally,’ hiding up to $154 million in expenses. Now the company’s earnings report is delayed
The magic of Macy’s was dulled on Monday after the retailer announced that quarterly sales were down—and one of its former employees had made a humongous ...
Yahoo Finance23d
Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup
Macy’s finally released its third-quarter earnings on Wednesday after having to delay it due to a massive accounting scandal caused by one employee. The employee, who no longer works for Macy ...