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 […]
NBC may eat triple the costs to hold onto Macy’s Thanksgiving Day Parade rights: report
NBC could be forced to swallow three times the annual fee it pays to hold the broadcast rights to the Macy's Thanksgiving Day Parade, according to reports. The Comcast-owned network, which has held the broadcast rights to the holiday TV staple since 1953, is now reportedly in the process of inking a new deal to […]
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, […]
Terrorist Threats Surrounding Macy’s Thanksgiving Parade Prompt ‘Heightened Security Measures’
A Spider-Man balloon flies through Times Square during the Macy's Thanksgiving Day Parade on November 24, 2011 in New York City. (Photo by Michael Nagle/Getty Images) OAN Staff Blake Wolf5:46 PM – Friday, November 22, 2024 According to a joint threat assessment obtained by authorities, authorities are assessing and paying close attention to both foreign […]
Macy’s, other big retailers hike store-branded credit card rates as holidays ramp up – New York Post
At least 50 major retailers are raising interest rates on private label credit cards to record highs, even as inflation continues to plague shoppers across the country, a shocking new study reveals It became. Big chains like Macy's, Gap, TJ Maxx and Petco raised annual interest rates on store-issued credit cards before the Federal Reserve […]
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 Accused of ‘Destroying’ Records of Man Alleging Diddy ‘Orally Raped’ Him
Macy's is a defendant in a recently filed lawsuit accusing the department store of “destroying” records related to the May 2008 “oral rape” of a man by disgraced music mogul Sean “Diddy” Combs. Nominated. The lawsuit also accuses the music mogul of orally raping a male employee of Combs' rival clothing company, Echo, at a […]
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 […]
Macy’s 10 Days of Glam: Get 50% off your favorite beauty brands
Now is your chance to stock up on your favorite beauty brands. (iStock) Macy’s 10-day extravaganza A sale has begun with 50% off popular beauty brands on a rotating schedule each day until Sunday, August 19. The event offers 50% off makeup, skincare, haircare, and more. Every day, you’ll get 50% off beauty products like: […]
Macy’s cuts off talks with Arkhouse, Brigade
See what’s clicking on FoxBusiness.com Macy’s said Monday it was halting talks with Arkhouse Management and Brigade Capital Management about a possible acquisition. The company said the latest proposal from the two investment firms “remains unviable and fails to deliver compelling value to Macy’s shareholders.” It will instead continue to pursue a turnaround plan. Arkhouse […]