NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Macy’s, Inc. (NYSE: M) resulting from allegations that Macy’s may have issued materially misleading business information to the investing public. So What: If you purchased Macy’s securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rose ...

NEW YORK, Dec. 4, 2024 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Macy's, Inc. (NYSE: M) resulting from allegations that Macy's may have issued materially misleading business information to the investing public.So What: If you purchased Macy's securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Fi ...

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Macy’s, Inc. (“Macy’s” or the “Company”) (NYSE:M) on behalf of Macy’s stockholders. Our investigation concerns whether Macy’s has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On November 25, 2024, Macy's issued a press release announcing its preliminary thir ...

Macy's, Inc. (NYSE: M ), one of the prominent department store operators around, witnessed a changing of the guard earlier in February this year. After close to 7 years at the helm (and 4 decades inAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Al ...

文章核心观点 - 公司正在调查Macy's, Inc.的投资者索赔，涉及证券法违规行为 [1][2] 调查焦点 - 调查关注公司是否发布了虚假或误导性陈述，或未能披露与投资者相关的信息 [2] - 公司被指在2021年第四季度至2023年11月2日期间，通过一名负责小包裹递送费用会计的员工，故意进行错误的会计计提，隐藏了约1.32亿至1.54亿美元的费用 [2]

Shares of Macy’s (M) fell 2.2% during the trading session yesterday, as investors digested the news of a delay in fiscal third-quarter 2024 earnings release. The delay is related to the discovery of accounting irregularities for delivery expenses.An investigation revealed that a former employee intentionally hid about $132 million to $154 million in delivery costs between the fourth quarter of fiscal 2021 and the third quarter of fiscal 2024. During this period, the company reported approximately $4.36 bill ...

文章核心观点 - 梅西百货发现一名员工故意制造了总计1.32亿至1.54亿美元的会计错误，导致公司推迟发布季度财报 - 审计专家指出，这一事件暴露了梅西百货内部会计控制系统的失效，即使员工故意犯错，控制系统也应能及时发现并纠正 [1][3][4][13] 公司行动 - 梅西百货在发现错误后，解雇了涉事员工并启动了内部调查 [4] - 公司推迟了原定于第三季度的财报发布，计划于12月11日发布更新 [7] 错误详情 - 错误涉及小包裹递送费用的会计处理，总额在1.32亿至1.54亿美元之间，持续了三年 [3][5] - 错误占公司在三年内小包裹递送费用总额43.6亿美元的不到5% [5] 审计专家观点 - 前KPMG合伙人Jerry Maginnis指出，即使员工故意犯错，内部控制系统也应能发现并纠正 [3] - Francine McKenna认为，梅西百货的审计师KPMG现在将面临压力，需要证明其对梅西百货的会计实践和控制进行了适当的审查 [13] - Michelle Leder认为，如果梅西百货不推迟财报发布，可能永远不会公开这一错误 [8] 行业影响 - 这一事件可能引发对梅西百货内部控制系统的进一步审查，特别是根据《萨班斯-奥克斯利法案》的要求 [12] - 审计专家认为，这一事件可能暴露了梅西百货内部控制系统的“重大缺陷” [13]

Macy's Inc. says it will no longer release its full third-quarter earnings report this week as planned, after discovering an employee "intentionally" hid up to $154 million in expenses. The retailer had been slated to release its report on Tuesday morning, but instead posted preliminary findings on Monday that showed it missed Wall Street expectations. The department store chain said that in preparing its financial statements for the quarter, it discovered something was off with its delivery expenses in one ...

文章核心观点 - 梅西百货(Macy's)因一名前员工故意隐瞒高达1.54亿美元的费用，被迫推迟发布季度财报 [1][2] 费用隐瞒情况 - 公司估计被隐瞒的费用在1.32亿至1.54亿美元之间 [2] - 在涉及的三年期间，公司总交付费用为43.6亿美元 [2] - 该员工负责"小包裹交付费用会计"，公司表示没有迹象表明其他人参与了该计划，且该问题未影响公司的现金管理或供应商付款 [3] 财务影响 - 公司最新未经审计的财务结果显示季度收入下降2.4%，反映出梅西百货门店和在线销售的疲软 [2] - 第三季度销售额下降2.4%至47亿美元，可比门店销售额下降1.3% [6] - 相比之下，其奢侈品百货Bloomingdales的可比销售额增长3.2%，美容品牌Bluemercury的可比销售额增长3.3% [6] 公司反应 - 公司正在完成对该事件的独立调查，并拒绝进一步评论 [4] - 公司预计将于12月11日发布完整的季度财报 [7] - 公司董事长兼首席执行官Tony Spring表示，公司致力于完成调查，并确保此事得到适当处理，同时公司员工专注于服务客户和执行假日季的成功战略 [4] - Spring表示，第三季度销售额符合预期，公司继续在其"Bold New Chapter"战略举措上取得进展，11月可比销售额趋势高于第三季度水平 [9] 未来计划 - 公司计划在2027年前关闭约三分之一的门店，约150家，原因是消费者因通胀减少非必需品支出 [9]

Macy’s has delayed its earnings call after discovering a multimillion-dollar “intentional” employee accounting error.That employee, the retailer said in a securities filing Monday (Nov. 25) had hidden at least $132 million in delivery expenses over a nearly three-year period.According to the filing, this employee — who no longer works for the company — “intentionally made erroneous accounting accrual entries” to conceal between $132 million and $154 million of delivery expenses between Macy’s fourth quarter ...