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The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error forced the company to delay reporting its third-quarter results.
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The two high-end department stores hope together they would wield more power to counter luxury brands, which increasingly flex their muscles over retailers.
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Consumer spending rose only slightly in April, as shoppers pushed back against rising prices.
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Express, which dressed generations of mall shoppers in slacks and blouses, now owns Bonobos and UpWest. It's closing dozens of stores but also plans to get sold to a consortium to survive.
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Any point on the globe can expect to see a total solar eclipse about once every 400 years. This Monday, it’s southeast Oklahoma’s turn.
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Joann expects to receive $132 million in new financing as part of the bankruptcy agreement. The Ohio-based company will also be delisted from the Nasdaq stock exchange.
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Mentions of retail theft seem to be fading, their fever pitch cooling. What's changed? And how bad was the problem in the first place?
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The new CEO is culling "underproductive" locations, while opening more upscale Bloomingdale's and Bluemercury stores. Here's what's happening with the chain.
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TikTok has surged into the e-commerce space, positioning itself as a kind of Amazon for the social media age. Analysts say it might work, but users and sellers are asking: At what price?
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Merchants say retail thefts have become more frequent and brazen. Law enforcement is now putting more money into things like store stakeouts and task forces that track organized retail crime rings.