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Macy’s Thanksgiving Day parade seen as attractive terrorist target: report

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Rogue employee at Macy’s ‘hid’ up to $154M in expenses

Macy's announced that a fraudulent employee intentionally hid up to $154 million in expenses over the past several years, forcing the department store giant to postpone its quarterly earnings report. The company said the employee engaged in “intentional misaccounting” over a period of years, from the fourth quarter of 2021 through the most recent quarter […]

Macy’s delays quarterly report, claims employee hid $154 million in expenses

FOX Business' Lauren Simonetti breaks down New York City's “Cavuto: Coast to Coast.” Macy's said it will not release its full third-quarter earnings report as scheduled this week after it was discovered that employees “intentionally” concealed up to $154 million in expenses. . The company had been scheduled to release a report on Tuesday morning, […]

Macy’s Thanksgiving Day Parade to debut 7 spectacular new floats

A stunning float featuring wildlife from the Bronx Zoo and spooky characters from “The Addams Family” is one of the floats scheduled to debut at this year's Macy's Thanksgiving Parade. The 98th annual event, which kicks off Nov. 28, will feature no fewer than six new floats. Added exhibits include characters from the Addams Family […]

Macy’s slashes sales outlook; retailer struggles for cash-strapped shoppers

Iconic department store Macy’s Inc. slashed its annual sales outlook after disappointing second-quarter earnings as it struggles to attract customers hit by inflation. Macy’s shares fell 13 percent on Wednesday to $15.45. Retailers were forced to lower prices on mid- to high-end items and offer more promotions to compete with more affordable rivals, but sales […]