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Macy’s

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Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says
Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says A Macy’s employee misstated up to $154 million in delivery expenses over several years, the company just said. The development forced the retailer to delay its third-quarter earnings report. The employee, whose name has not been released, has been fired. According to the company, the employee responsible for accounting small package delivery expenses made erroneous accrual entries to conceal the costs from the fourth quarter of 2021 through the most recent quarter. During that time, Macy’s reported a total of $4.36 billion in delivery expenses. The company conducted an independent investi…

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by Joe Lombardi
Business
$500 Million Open-Air Redevelopment Of Monmouth Mall Begins $500 Million Open-Air Redevelopment Of Monmouth Mall Begins
$500 Million Open-Air Redevelopment Of Monmouth Mall Begins A more than $500 million project to transform a Monmouth County mall into an open-air town center has officially begun, officials said. A groundbreaking ceremony was held on Thursday, May 9 at the Monmouth Mall in Eatontown, developer Kushner said in a news release on Monday, May 13. The mall will be redeveloped into a modern center with luxury apartments, new retail options, and medical office space called Monmouth Square. Kushner said the project to "de-mall" the property off Route 35 will bring a new purpose to the historic Monmouth Mall, which has been open for 64 years. …

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by Chris Spiker
Business
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's To Close 150 Stores, Prioritize Luxury Brands
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's plans to close about 30 percent of its remaining stores over the next three years. The 150 closures will be at underperforming locations, with 50 planned for this year, the retailer announced on Tuesday, Feb. 27, unveiling what it is calling "A Bold New Chapter" strategy designed to return Macy’s profitability.  "It challenges the status quo to create a more modern Macy’s, Inc.," Tony Spring, chief executive officer of the company said in a statement. "We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, releva…

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by Joe Lombardi
Business
Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards
Nearly 50K Massage Guns Sold Nationwide Recalled Due To Fire, Burn Hazards Nearly 50,000 massage guns sold at major retailers across the country are being recalled due to more than a dozen reports of overheating and a burn injury. The US Consumer Product Safety Commission (CPSC) announced this week that Homedics is recalling tens of thousands of personal massagers that ca overheat while charging, leading to a report of fire or burn risk.  In total, approximately 46,000 are being recalled in the US, and another 41,000 in Canada, according to federal officials. The recall includes "HoMedics Therapist Select Massagers" with model number HHP-715 and a 120 VAC, 6…

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by Zak Failla
Lifestyle
'Bucket List Wish:' Rutgers Marching Band To Perform In Macy's Thanksgiving Day Parade 'Bucket List Wish:' Rutgers Marching Band To Perform In Macy's Thanksgiving Day Parade
'Bucket List Wish:' Rutgers Marching Band To Perform In Macy's Thanksgiving Day Parade The Rutgers University Marching Band is getting ready to check off a longtime "bucket list wish:" Perform in the Macy's Thanksgiving Day Parade. Led by drum major Amelia Ainbinder, of Middletown (Class of 2024), the marching band will be performing for more than 3 million live spectators, and even more watching from home on television. The more than 300-person band has been preparing for the parade since last November, when they found out they were among the 11 bands chosen to perform — the only one representing New Jersey. "To be invited to march in the 2023 Macy's Thanksgiving Day Parad…

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by Cecilia Levine
News
GOTCHA! Wayne Police Not Fooled By Bogus Bomb Threat At Willowbrook Mall GOTCHA! Wayne Police Not Fooled By Bogus Bomb Threat At Willowbrook Mall
Gotcha! Wayne Police Not Fooled By Bogus Bomb Threat At Willowbrook Mall The driver of a stolen car stopped by Wayne police called in a bomb threat at the Macy’s in the Willowbrook Mall in the hopes of distracting them, authorities charged. Capt. Michael McNiff wasn’t fooled. While units responded to the 911 call at the mall, McNiff reminded officers on the road that it could be a diversionary tactic, Detective Capt. Dan Daly said. Sure enough, the call was traced to Shaquanda White, 30, of East Orange, who was driving a Honda Accord that had just been stopped by Officer Chris Savitsky outside the Yard House restaurant at Willowbrook, the captain said. The se…

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by Jerry DeMarco
Business
Clarks Americas Recalls Women’s Shoes For Potentially Dangerous Chemical Hazard Clarks Americas Recalls Women’s Shoes For Potentially Dangerous Chemical Hazard
Clarks Americas Recalls Women’s Shoes For Potentially Dangerous Chemical Hazard Eight styles of women’s shoes are being recalled across the globe by Clarks due to concerns about toxins inside the product, the retailer announced. The US Consumer Product and Safety Commission (CPSC) issued an alert regarding a recall of approximately 113,000 shoes under the "Breeze" style name that were sold stateside and an additional 10,000 in Canada that pose a potential chemical hazard. "Prolonged and direct contact with the shoes’ upper material can expose the wearer to the chemicals benzidine and/or dimethoxybenzidine, which are toxic and can cause adverse health effects,” accordin…

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by Zak Failla
Real Estate
Mall Reimagined: Westfield's Garden State Plaza Announces Developer In Upcoming Transformation Mall Reimagined: Westfield's Garden State Plaza Announces Developer In Upcoming Transformation
Mall Reimagined: Westfield's Garden State Plaza Announces Developer In Upcoming Transformation The Westfield Garden State Plaza has announced its development partner in its upcoming transformation that will bring luxury apartments and a town green to the Route 17 mall in Paramus. Mill Creek Residential has partnered with Unibail-Rodamco-Westfield (URW) ahead of the first phase of a 30-acre, mixed-use vision for the property featuring residences, green spaces, and a restored Sprout Brook, the mall announced Monday, Aug. 22. Rendering of Westfield's Garden State Plaza transformation.Unibail-Rodamco Westfield Anticipated to break ground in 2024 and slated to open to residents in 202…

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by Cecilia Levine
News
Bang From Smash-And-Grab Macy's Jewelry Theft Sends Paramus Mall Patrons Fleeing Bang From Smash-And-Grab Macy's Jewelry Theft Sends Paramus Mall Patrons Fleeing
Bang From Smash-And-Grab Macy's Jewelry Theft Sends Paramus Mall Patrons Fleeing Patrons fled the Garden State Plaza in Paramus on Wednesday after being frightened by what turned out to be a loud bang from a smash-and-grab jewelry theft at Macy's. One woman said her son ducked into a bathroom after he heard what sounded like a gunshot, then joined others running from the building after a Shake Shack manager urged him to flee. "Police were pulling up as he left," she said. Paramus Police Chief Kenneth Ehrenberg confirmed the jewelry smash and grab. A report of shots fired was "bogus," he said. Initial details were sketchy. A vehicle involved in the incident -- believe…

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by Jerry DeMarco
News
CAPTURED: Violent Jersey City Fugitive Wanted In Maryland Busted For Shoplifting In Wayne CAPTURED: Violent Jersey City Fugitive Wanted In Maryland Busted For Shoplifting In Wayne
Captured: Violent Jersey City Fugitive Wanted In Maryland Busted For Shoplifting In Wayne A violent fugitive from Jersey City who's wanted in Maryland remained held in the Passaic County Jail after he was busted for shoplifting, authorities said. Authorities in Anne Arundel County, MD are seeking the extradition of Jonathan D. Peralta, 37, to answer a theft charge there, Wayne Police Detective Capt. Dan Daly said. Officers also discovered outstanding warrants out of Hoboken, Paramus, East Brunswick and Lawrence Township after security at Macy’s in the Willowbrook Mall seized him, Daly said. Peralta has an extensive criminal history that includes an arrest for a gunpoint robber…

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by Jerry DeMarco