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Employee hid upwards of $154M in delivery expenses

The Wall Street Journal on MSN · 4d

Macy’s Says Accounting Employee Hid Up to $154 Million in Delivery Expenses

The retailer delayed its quarterly results after it said an employee hid delivery expenses over several years, prompting an investigation.

CNN on MSN · 4d

Macy’s found a single employee hid up to $154 million worth of expenses

Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday.

The New York Times · 4d

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.

1d

How Macy’s worker hid up to $154 million in fake expenses

The retail giant announced a delay in its third-quarter earnings report, postponing the release from November 26 to December ...

3don MSN

How did a Macy’s worker conceal up to $154 million in fake expenses? Experts weigh in

Macy’s is in crisis mode after disclosing that an employee cooked the books for years, using unethical accounting practices ...

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