Macy’s Delays Earnings Amid $154M Accounting Scandal and Strategic Transformation

November 29, 2024
Macy’s Delays Earnings Amid $154M Accounting Scandal and Strategic Transformation Macy’s, one of America’s most iconic department store chains, has delayed the release of its third-quarter earnings report after uncovering a significant accounting discrepancy. An employee allegedly concealed between $132 million and $154 million in delivery expenses over a period spanning from late 2021 through […]
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Asos Faces Backlash: CEO Gets a 44% Raise Amid Share Crash and Layoffs

November 19, 2024
Asos Faces Backlash: CEO Gets a 44% Raise Amid Share Crash and Layoffs Asos, the once-thriving online retail giant, is under fire for awarding its CEO, José Antonio Ramos Calamonte, a staggering 44% pay raise, even as the company grapples with plummeting sales, deepening financial losses, and widespread layoffs. Critics and industry observers have called […]
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Boohoo CEO Steps Down Amid Strategic Review and Debt Refinancing Deal

October 20, 2024
Boohoo CEO Steps Down Amid Strategic Review and Debt Refinancing Deal Peter Richards: Business Correspondent - Sunday 20 October 2024 11:00 BST In a significant leadership shake-up, John Lyttle, CEO of Boohoo Group, will be stepping down after five years with the online fashion retailer. The news comes as the company secures a £222 million […]
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A Century of Supporting Scotland’s Retail Industry

September 28, 2018
Scottish Grocers’ Federation is the national trade association for the independent convenience store industry in Scotland. There are almost 5,300 convenience stores in Scotland—these stores provide 41,000 jobs and contribute some £530 million to Scotland’s economy each year in Gross Value Added. Fundamentally, they are here to represent their members’ interests and ensure a profitable […]
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