How could Macy's overlook millions in hidden expenses for years?
Days before Macy's is set to take center stage for its annual Thanksgiving Day Parade, the department store chain this week revealed a years-long accounting debacle unlikely to inspire gratitude among shoppers and shareholders.
Macy’s uncovers shocking $154M hidden expense scheme
Macy’s, one of the leading retail giants in the United States, has recently made headlines after revealing a significant financial discrepancy.
Macy's: Employee hid upwards of $154M in delivery expenses
Macy's announced an employee has "hid" up to $154 million, prompting the U.S. department store chain to delay the release of its third-quarter earnings report.
Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue
Macy's Delays Earnings After Finding Millions of Hidden Expenses
Macy's said it would delay the release of its third-quarter earnings after an investigation revealed an employee hid over $100 million of expenses. An employee responsible for small package delivery expense accounting intentionally made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses,
Macy’s Worker Hid Millions in Expenses, Prompting Earnings Delay
Macy’s Inc. is delaying its third-quarter earnings release after an investigation revealed an employee hid more than $100 million of expenses over several years.
Macy’s forced to delay quarterly earnings due to employee hiding up to $154 million in expenses
CNN’s Vanessa Yurkevich reports on Macy’s announcing that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report.
Macy's finds employee hid $154 million in expenses, report delayed
Macy's announced Monday that it would delay its full third-quarter earnings report because of an employee hiding up to $154 million in expenses, sending its stock plummeting in early trading.
Macy's Delays Q3 Earnings After Employee Hid up to $154M in Expenses
An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.
Macy’s Touted a Metric That Ended Up Being Juiced for Years by Former Employee
For years, Macy’s Inc. touted its ability to boost profits by cutting delivery costs and trimming other expenses on calls ...
Young woman wounded in shooting outside Loop Macy's was likely not intended target: police
A 19-year-old woman who was shot outside a Loop Macy’s Saturday night may not have been the intended target, according to ...
Macy’s Thanksgiving Day Parade Could Be Disrupted by NYC Winter Storm
The 2024 Macy’s Thanksgiving Day Parade is inching closer and rehearsals are underway. The iconic annual event has continued ...
Macy's $132 million mystery has auditing experts scratching their heads
While Macy's says a single employee was responsible for the error, accounting and auditing experts told BI it should have ...
Something big is debuting at this year’s Macy’s Thanksgiving Day parade
The huge collaboration will leave parade goers dazzled and guaranteed to provide some much-needed magic this holiday season.
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Can Macy's Thanksgiving Day Parade Balloons Fly in the Rain Thursday?
Rain or shine, the Macy’s Thanksgiving Day Parade will go on. According to the latest weather forecasts by Fox and NBC, it ...
How many balloons are in the Macy's Thanksgiving Day Parade? See the full list of 22 balloons
It's not a Macy's Thanksgiving Day Parade without giant balloons floating between the skyscrapers of New York City. What will ...
Rain will fall on Macy's Thanksgiving Day Parade, millions of onlookers, forecasters say
It is going to rain on the Macy’s Thanksgiving Day Parade and upon its millions of parade-goers, according to the National Weather Service, which is now calling for a 100% chance of rain across the ...
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Florida stars set to steal the show at 2024 Macy’s Thanksgiving Day Parade
The 2024 Macy’s Thanksgiving Day Parade, airing on NBC and Peacock, will start at 8:30 on Thanksgiving — Thursday, Nov. 28.
Macy’s finds ‘erroneous’ accounting entries, leading to delay of earnings report
Macy’s identified a single employee who made “erroneous” accounting entries to hide up to $154 million in delivery expenses ...