(CNN)– Macy’s is dealing with a $154 accounting scandal. On Monday, Nov. 25, the retailer announced a single employee was ...
Macy’s third quarter earnings report was scheduled for Tuesday but will be delayed by an internal investigation.
The retailer said Monday that it identified an issue related to delivery expenses in one of its accrual accounts earlier this ...
The department store chain said it had found the erroneous accounting entries while preparing its results for the third ...
The department store chain had to delay its third quarter financial statements after uncovering 'erroneous accounting accrual ...
NEW YORK — Macy's reported weaker-than-expected sales for the third quarter Nov. 25 and said it's delaying the release of its ...
The retailer’s surprise announcement that one employee concealed a fortune leaves a lot of unanswered questions.
The person is no longer employed by the company, and it is unknown what the person's motivations were for hiding the expenses.
Macy’s Inc. said it would delay its third-quarter earnings release after an investigation revealed an employee hid more than ...
Macy's said it's delaying the release of its quarterly earnings results after it discovered an up to $154 million ...
The Macy’s employee, who is no longer with the company, hid delivery expenses during the course of almost three years.
An independent investigation and forensic analysis found that a single employee hid roughly $132 million to $154 million of ...