Core Insights - Macy's is demanding the return of bonuses totaling $609,613 that were overpaid to executives due to an accounting scandal involving a rogue employee [1][3] - The company has already recovered $257,520 of the overpaid funds and is seeking to recover the remaining $352,093 in accordance with its clawback policy during fiscal 2025 [2][3] - The accounting scandal involved the concealment of $154 million in delivery expenses over several years, which artificially inflated executive compensation [1][4] Company Actions - Macy's has initiated a clawback process to recover the erroneously awarded compensation from the affected executives [3] - The company has not disclosed the identities of the executives involved in the scandal [3] - The rogue employee responsible for the accounting cover-up was fired and acted alone without personal gain [4][5] Financial Context - The accounting cover-up led to a delay in Macy's quarterly earnings report and negatively impacted its stock price [4] - Macy's is also closing 150 underperforming stores by 2027, indicating a strategic shift in response to market challenges [6] - Recent guidance for sales and profits fell short of Wall Street expectations, attributed to inflation and tariff uncertainties [6]

Macy's executives will have to pay back hundreds of thousands of dollars in bonus payments as a result of an accounting scandal, the department store firm said on Tuesday. The retailer overstated one of its earnings measures by $81 million in 2023, the company said in a filing with the SEC. That metric influenced how much Macy's executives were paid in bonuses the following year.As a result, some execs will have to pay back a cumulative $609,613 in cash bonuses that the company awarded them through the end ...

Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that Eduards Smirnovs has been appointed external Industry Advisor to the Company. Myriad Uranium Corp. is a uranium exploration company with an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead Mine which pr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13536 Macy's, Inc. (Address of Principal Executive Offices, including Zip Code) (Registrant's telephone number, including area c ...

Myriad Uranium Reports Chemical Assays on 20 Copper Mountain Boreholes. Confirmed U3O8 Grades Are 20% Higher on Average than Previously Reported Gamma Grades. Assays also Reveal the Presence of Extensive Uranium Mineralisation That Could Not Be Detected by the Probe, with Potential Positive Implications for Historical Estimates. Large Number of Additional Intervals to Be Sent for AssayMarch 17, 2025 7:30 AM EDT | Source: Myriad Uranium Corp.Vancouver, British Columbia--(Newsfile Corp. - March ...

Group 1 - Macy's shares have underperformed over the past year, losing approximately 30% of their value as investors express impatience with the company's business transformation efforts [1] - The company has declined interest from potential buyers, indicating a strategic decision to continue its transformation independently [1]

In a retail world where growth is harder to come by, Macy’s is prioritizing stability over expansion, adjusting to the realities of a more competitive and unpredictable market.Macy’s fourth-quarter results released Thursday (March 6) reflect a retail landscape where resilience is the key due to uncertain external factors and cautious consumers. As other retailers expand aggressively, Macy’s has held its ground, maintaining its store footprint amid a shifting market. This strategy hints at a deeper focus on ...

Macy’s, Inc. (M) has reported fourth-quarter fiscal 2024 results, wherein the top line lagged the Zacks Consensus Estimate but the bottom line surpassed the same. Revenues and earnings decreased from the year-ago quarter’s reported figures. Comparable sales (comps) fell on an owned basis.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.As the company concludes the first year of its Bold New Chapter strategy, investments in the customer experience have driven the highest comps of the ye ...

Retail stock Macy's Inc (NYSE:M) is down 1.9% at 13.05, earlier hitting a 52-week low of $12.60. The company reported mixed fourth-quarter results, including better-than-expected earnings alongside a revenue miss, but investors are focusing in on the disappointing full-year guidance. Notably, CEO Tony Spring's turnaround efforts appear to be taking shape, however, with comparable sales up 0.2% -- the highest since the first quarter of 2022. On the charts, the $16 level has been keeping rallies in check sinc ...

Macy's, Inc. (NYSE:M) Q4 2024 Earnings Conference Call March 6, 2025 8:00 AM ET Company Participants Pamela Quintiliano - Vice President, Investor Relations Tony Spring - Chairman & Chief Executive Officer Adrian Mitchell - Chief Operating Officer & Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Brooke Roach - Goldman Sachs Ashley Helgans - Jefferies Oliver Chen - TD Cowen Dana Telsey - Telsey Advisory Group Tracy Kogan - Citigroup Operator Greetings, and welcome to the Macy's, ...