Macy's is closing more stores than it originally announced earlier this year. According to the company's third quarter earnings report, the department store chain is expected to close 65 locations ...

The store closures are driven by cautious consumer spending due to inflation, higher interest rates and crushing levels of ...

Major retailers are shutting down stores nationwide next year as the companies try to adjust their business operations and ...

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 ...

A Macy's employee is being accused of hiding $151 million in delivery expenses over a nearly three-year period, but despite this, the retailer avoided any serious impact on its financial ...

Macy’s said an investigation into accounting problems found that a rogue employee hid more than $151 million in expenses to cover up a bookkeeping mistake and wasn’t motivated by personal or ...

Macy’s needs to reignite its creativity by featuring more exciting products in stores and hosting engaging events to attract younger generations back, according to activist investor Barington ...

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 ...

By Jordyn Holman With just two weeks until Christmas, Macy’s has been operating under a cloud. It lifted, in part, when the retailer on Wednesday gave more details about how an employee had ...

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 ...