Macy's says quarterly sales dropped, delays full earnings release due to accounting issue

A shopper carries a Macy's bag on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024.Macy's on Monday posted preliminary third-quarter results and said it would delay its full earnings release as it completes an investigation of an accounting issue.The company was slated to report its quarterly earnings before the opening bell on Tuesday.In a statement Monday, Macy's said its third-quarter sales fell 2.4% to $4.74 billion. Comparable sales for its owned and licensed stores plus its ...