(RTTNews) - Department store chain Macy's Inc. (M) on Monday reported that its third-quarter net sales decreased 2.4 percent from last year to $4.742 billion. Comparable sales were down 2.4 ...
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The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter. By Jordyn Holman and Danielle Kaye Macy’s said on Monday that an ...
Macy’s go-forward business comparable sales were down 2% on an owned basis and down 0.9% on an owned-plus-licensed-plus-marketplace basis. Q3 other revenue of $161 million decreased $17 million ...
The retailer said third-quarter sales fell, and expects to post full-year guidance by Dec. 11. Macy's on Monday said it will delay its full earnings release as it investigates an accounting ...
Macy's preliminary third-quarter sales also came in below estimates, with lower sales at Macy's offsetting gains at the company's other brands. Macy's (M) shares moved lower Monday morning after ...
That employee is no longer with the company, Macy's said, though the revelation, along with the preliminary sales figures, sent shares down 3.5%. The department store chain was set to report ...
Looking deeper, Macy’s had a 2% same-store sales drop, but there were positive signs, including same-store sales increases of 1.9% at the “First 50″ Macy’s stores and above 3% at ...
Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 ...
In recent years, mega-retailers like Macy’s have been known to start their online sales on Thanksgiving or even before. This year, Macy’s Black Friday sale begins super early on Sunday ...
The retailer said third-quarter sales fell, and expects to post full-year guidance by Dec. 11. Macy's on Monday posted preliminary third-quarter results and said it would delay its full earnings ...
(Reuters) -Macy's on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell ...