Retail

Macy's gives update on employee who hid $151M

Macy's CEO Tony Spring provided a fresh update on the rogue employee who hid $151 million in delivery expenses since 2021 and disclosed the individual is no longer with the company.

Cyber Monday spending hits record $13.3B

Consumers spent more than $13 billion online during Cyber Monday, according to Adobe Analytics data, surpassing expectations. The figure was over 7% higher than the prior year.