Macy’s has delayed the release of quarterly results after discovering an employee hid $132mn of delivery expenses over three years. The retailer, led by CEO Tony Spring, plans to close underperforming stores while investing in others. Shares fell 2.2% as Macy’s investigates the incident and releases preliminary results showing a 2.4% decline in net sales.
Full Article
The Most Important Person in Japanese Food You’ve Never Heard Of
Saori Kawano, founder of Korin Inc., revolutionized the American culinary scene by introducing authentic Japanese knives, kitchen tools, and tableware in 1978, leading to the popularity of Japanese cuisine among big-name chefs and restaurants. Through her TriBeCa showroom, she has cultivated a vast network of connections and knowledge, fueling the rise of Japanese food in the United States and establishing herself as a crucial link between the American and Japanese culinary worlds. Ms. Kawano's dedication,...
Read more