Macy's Trims Profit Outlook on Accounting Error

The transcript discusses Macy's challenges, including consumer pressure, unseasonable weather, and internal control issues. It highlights improvements in Bloomingdale's and outlines future initiatives like store closures. The need for strengthened internal controls and audits is emphasized, with a focus on management's role in addressing these issues.

What concerns were raised regarding Macy's internal controls?

How has the leadership change at Macy's affected the company's internal controls?