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 ...
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 Macy’s employee, who is no longer with the company, hid delivery expenses during the course of almost three years.
Officials with Macy's say they are delaying their earnings report, after an employee with the company was fired for allegedly ...
Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 ...
During a week that all eyes are on Macy’s the iconic department store chain is making headlines for a reason outside of its ...
Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million ...
Macy's announced a delay in releasing its full quarterly results after discovering that an employee intentionally hid $132 ...
The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error ...