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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.

Macy’s Postpones Earnings, Reveals Employee Hid $100 Million in Expenses

It’s Thanksgiving Week, so the only thing we should be thinking about regarding Macy’s is its parade. Instead, the company postponed its quarterly earnings release to complete an investigation after discovering an employee hid up to $154 million in expenses,

3hon MSN

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 ...

Parade on MSN3d

Macy's Thanksgiving Day Parade Boss Takes Us Behind the Scenes of This Year's Spectacle

So how will this work? Coss: So [Macy's Studios employee Matt's] doing all the programming right now, and that'll live on ...

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