macy's delivery expenses news - Search News

Macy’s employee hid up to $154M in expenses

Macy's says an employee hid as much as $154 million in expenses

The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error forced the company to delay reporting its third quarter results.

The New York Times · 1h

Macy’s Discovers Employee Hid Millions in Delivery Expenses

The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter.

Newsweek on MSN · 2h

Macy's Delays Q3 Earnings After Employee Hid up to $154M in Expenses

Macy's Inc. has delayed its third-quarter earnings release after discovering that a single employee intentionally concealed up to $154 million in delivery expenses over nearly three years. The department store chain announced Monday that the issue,

19m

Macy's says employee hid up to $154 million in expenses since 2021

Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 ...

3hon MSN

Macy's says an employee hid up to $152 million in expenses

Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.

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