Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates an accounting issue.CREATE FREE ACCOUNT
The retailer added the actions did not affect its cash management and vendor payments, and said the employee no longer works at the company. In the three-month period, the company said that comparable sales at the first 50 of its Macy's stores to get additional investment rose 1.9% year over year. That marked the third consecutive quarter of growth at those stores.
In the release on Monday, Macy's said asset sale gains totaled $66 million and were higher than its expectations.
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