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.
Macy's Q3 results delayed after employee hides millions in expenses
Macy's M.N on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell short of Wall Street expectations.
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.
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
Nov. 25 (UPI) --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. The iconic retailer did release preliminary ...
Macy's says employee 'intentionally' hid up to $154M in expenses
Macy's says it will push back its third-quarter earnings report after discovering an employee "intentionally" hid as much as $154 million in shipping expenses.
Macy's delays earnings to complete investigation into a worker hiding over $130 million in expenses
Macy's postponed its Q3 earnings after an investigation revealed that an employee concealed between $132 million and $154 million in expenses.
Macy’s says employee hid up to $154 million in expenses
By MICHELLE CHAPMAN 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. The retailer
Macy's delays earnings release as it says employee hid up to $154 million in delivery expenses
Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in erroneously reported expenses. The company said it discovered the issue when it was preparing its earnings,
Macy’s Says Accounting Employee Hid Up to $154 Million in Delivery Expenses
Macy’s delayed its quarterly results after the company discovered that an employee had hidden up to $154 million in corporate delivery expenses over several years, prompting an investigation.The retailer said Monday that a single employee,
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
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Macy’s say employee hid up to $154 million in expenses
(NewsNation) — A Macy’s employee allegedly hid up to $154 million in expenses, according to the company. The retail giant, ...
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 ...
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No arrests following shooting that interrupts holiday celebrations near Loop Macy's, Chicago police say
Several people run moments after a shooting outside a Macy’s in the Loop Nov. 23, 2024. CBS Chicago Share A shooting that ...
Here's a look at the Macy’s Thanksgiving Day Parade through the years
Next Thursday marks the 98th celebration of the Macy’s Thanksgiving Day Parade—an iconic event with a rich and storied ...
Woman shot near Macy’s in downtown Chicago; witnesses speak
Chicago police are investigating after a woman was shot downtown near Macy’s Saturday night. Police said just before 9 p.m., ...