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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
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
News
Teens Charged With Attempted Murder In Brawl At Capital Region Mall That Sparked Lockdowns Teens Charged With Attempted Murder In Brawl At Capital Region Mall That Sparked Lockdowns
Teens Charged With Attempted Murder In Brawl At Capital Region Mall That Sparked Lockdowns Two 18-year-old men are facing attempted murder charges in connection with a violent brawl at a Capital Region shopping mall that left a victim with knife wounds and sent some stores into a lockdown. Sincere Ocasio and Brian Strong, both of Albany, were arrested at separate locations in Albany Wednesday morning, Jan. 4, according to Colonie Police. Earlier Report: Knives, Guns Present During Fight At Colonie Mall That Sparked Lockdowns, Police Say Their arrests came a week after police were called to the Colonie Center Mall at around 6 p.m. Wednesday, Dec. 28, for a reported fight inv…

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by Michael Mashburn
News
Knives, Guns Present During Fight At Capital Region Mall That Sparked Lockdowns, Police Say Knives, Guns Present During Fight At Capital Region Mall That Sparked Lockdowns, Police Say
Knives, Guns Present During Fight At Capital Region Mall That Sparked Lockdowns, Police Say Operations are back to normal at a mall in the region after a fight broke out between several people, sending some stores into a lockdown. In Albany County, Colonie Police were called to the Colonie Center Mall at around 6 p.m. Wednesday, Dec. 28, for a reported fight involving several individuals, some who were armed with knives and handguns. The fight broke out on the mall’s upper level, between Macy’s and Boscov’s. When officers arrived, they found one injured victim who had suffered “minor” knife wounds to his hands and head during the fight, police said. He was treated by medics at t…

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by Michael Mashburn