Macy’s shares drop 3.5% after it delays quarterly results on finding employee hid millions in delivery expenses
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 short of Wall Street expectations. The surprise announcement deprives the market of a key department-store bellwether’s outlook ahead of a potentially uncertain holiday season that favors … Read more