The retailer asserts it overpaid executives after an accounting error led to an overstatement of 2023 EBITDA by $81 million, according to a securities filing.

Macy’s Inc. is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay. The department-store operator tied executives’ cash bonuses to ...

Macy’s is demanding its executives return bonuses ... compensation from the covered officers in accordance with the clawback policy during fiscal 2025,” according a Securities Exchange ...

Macy’s Inc. hired a top executive from Capri Holdings Ltd., the owner of the Michael Kors brand, to play a key role in the department store’s turnaround bid. Thomas J. Edwards will take over ...

Grand Rapids-based Mercantile Bank Corp (NASDAQ:MBWM), currently valued at $729 million in market capitalization, announced today the adoption of a new bonus plan for its executive officers.

The employee “acted alone and did not pursue these acts for personal gains,” Macy’s CEO Tony Spring told analysts on a conference call after the fraud was discovered. The clawback comes as ...

Macy’s will shutter its Center City Philadelphia location in the historic Wanamaker Building tomorrow, reported WHYY, the local PBS station, adding poignancy to W.C. Fields’ famous quip ...

Macy's in January named 66 of the 150 stores it is planning to close as part of its revitalization plan, and some stores on the list appear to have already closed or be closing soon. The retailer ...

Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Mercantile Bank ( (MBWM)) has shared an announcement. On March 20, 2025 ...

The plan "is designed to return the company to sustainable, profitable sales growth," Macy's said. Macy’s named 66 of the 150 “underproductive” stores that it will be closing in the U.S as ...