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There are two main variables that will determine the profitability of your business: the revenue you have going in and the expenses you have going out. If you can retain control of these two ...

An ex-employee is accused of hiding expenses totaling as much as $154 million. Days before Macy's is set to take center stage for its annual Thanksgiving Day Parade, the department store chain ...

(AP Photo/Nam Y. Huh, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release ...

Macy's M.N on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell ...

says it will no longer release its full third-quarter earnings report this week as planned, after discovering an employee "intentionally" hid up to $154 million in expenses. The retailer had been ...

A former Macy's employee allegedly hid up to $154 million in delivery expenses for nearly three years, the retailer announced on Monday. Macy's said that it found an issue with delivery expenses ...

The retailer said Monday that a single employee, responsible for small-package delivery expense accounting, had intentionally made erroneous bookkeeping entries since late 2021.

Those analysts downplayed the likely effect of the problematic expense accounting on Macy’s overall results, estimating that in the end, for the duration of the fraud, there will be a 20 basis ...

Macy’s said an employee hid as much as $154 million in delivery expenses over a three-year period, prompting the retailer to delay the release of third quarter earnings. The New York-based depar ...

Macy’s recognized approximately $4.36 billion of delivery expenses during the period of misleading accounting, the company said, adding that it has found no evidence that the errors disrupted cash ...

Macy’s has delayed the release of quarterly results after the US retailer revealed an employee had hidden at least $132mn of expenses related to customer deliveries over the past three years.