Macy's Delays Results After Finding Employee Hid Millions in Delivery Expenses
A single employee "intentionally" made wrong accounting entries to hide about $132 million to $154 million of delivery expenses between the fourth quarter of 2021 through third quarter of 2024, Macy's said. It had recorded about $4.36 billion as delivery expenses in this period.
For years, Macy’s Inc. touted its ability to boost profits by cutting delivery costs and trimming other expenses on calls ...
Days before Macy's is set to take center stage for its annual Thanksgiving Day Parade, the department store chain this week ...
Macy's shoppers are racing to score incredible Black Friday deals, and we've noticed that so many are already selling out.
Two groups of male teens had argued before the shooting, which sparked masses of festivalgoers and shoppers to run for cover, ...
Macy’s is in crisis mode after disclosing that an employee cooked the books for years, using unethical accounting practices ...
While Macy's says a single employee was responsible for the error, accounting and auditing experts told BI it should have ...
Key Takeaways Macy's stock retreated Monday morning after the retailer said it would delay its third-quarter earnings report ...
A Macy’s employee intentionally hid up to $154 million in delivery expenses over the past three years. Investors have a lot ...
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