Macy’s Worker Accused of Hiding Up to $154 Million in Expenses
A former employee of Macy’s has been accused by the retail company of hiding at least $132 million, but potentially as much as $154 million, in delivery expenses. The staggering figure was revealed by the company deep into a news release focused on preliminary third quarter 2024 results,
An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.
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Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
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Macy's is going through a serious accounting debacle after learning that a single employee purposefully falsified accounting ...
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While Macy's says a single employee was responsible for the error, accounting and auditing experts told BI it should have ...
Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million ...
Over some three years over which the inaccurate financial reporting took place, Macy's incurred $4.36 billion in delivery ...
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