macy's employee news - Search News

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 · 2h

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.

The Associated Press on MSN · 6h

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

8hon MSN

Macy's Delays Q3 Earnings After Employee Hid up to $154M in Expenses

An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.

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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