Macy's announced an employee has "hid" up to $154 million, prompting the U.S. department store chain to delay the release of ...
Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly ...
Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in ...
The company said the employee no longer works for Macy's, and that the person's actions did not affect its cash management ...
While we work diligently to complete the investigation as soon as practicable and ensure this matter is handled appropriately ...
Macy's disclosed Monday that an employee had hidden up to $154 million in expenses through false accounting entries over more than three years.
The person is no longer employed by the company, and it is unknown what the person's motivations were for hiding the expenses.
The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error ...
Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was ...
A Macy's employee allegedly hid up to $154 million by making erroneous accounting accrual entries, according to the company.