Macy’s delayed Q3 earnings because employee hid up to $154 million in expenses
The retailer said Monday that it identified an issue related to delivery expenses in one of its accrual accounts earlier this ...
What Small Business Owners Should Learn from Macy’s Missing $150 Million
The department store chain had to delay its third quarter financial statements after uncovering 'erroneous accounting accrual ...
Dow Jones Today: Dow Closes at Record High; S&P Gains for 6th Straight Day as Stock Market Rally Continues
Stocks finished higher Monday, with major indexes hitting new intraday records during the session, as the equities market continued to rally while Treasury yields fell and bitcoin retreated.
Dow hits another record as stocks continue to rise
In the stock market, Bath & Body Works jumped 16.5% after delivering stronger profit for the latest quarter than analysts ...
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How Did One Macy’s Employee Hide $154 Million?
The retailer’s surprise announcement that one employee concealed a fortune leaves a lot of unanswered questions.
Macy's Says Employee Hid Up To $154 Mn In Costs Over 3 Years
Macy's disclosed Monday that an employee had hidden up to $154 million in expenses through false accounting entries over more than three years.
Macy’s says accountant hid up to $154 million in expenses
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 Delays Earnings After Employee Hid Millions in Expenses
Macy’s Inc. said it would delay its third-quarter earnings release after an investigation revealed an employee hid more than ...
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 ...