Macy’s Hit with $151M Delivery Expense Scandal Amid Earnings Outlook Cut
Macy’s CEO Tony Spring said “integrity is paramount” after an employee was found to have hidden $151 million in delivery expenses for nearly three years. The retailer has concluded its investigation and strengthened internal controls. In a statement, Spring said the company would cut its earnings outlook but slightly raise its full-year revenue forecast. Macy’s … Read more