<ul><li>Macy's executives will have to pay back hundreds of thousands of dollars in bonus payments as a result of an accounting scandal.</li><li>The retailer overstated one of its earnings measures by $81 million in 2023.</li><li>Some executives owe Macy's over $600,000 in cash bonuses that were erroneously awarded.</li><li>Macy's will recover the remaining amount from the executives during the company's 2025 fiscal year.</li></ul>

Macy's executives will have to pay back over $600,000 after an accounting scandal inflated their bonuses

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