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 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.
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 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.
Macy's says employee 'intentionally' hid up to $154M in expenses
Macy's says it will push back its third-quarter earnings report after discovering an employee "intentionally" hid as much as $154 million in shipping 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.
Macy's Q3 results delayed after employee hides millions in expenses
Macy's M.N on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell short of Wall Street expectations.
Macy's delays earnings release as it says employee hid up to $154 million in delivery expenses
Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in erroneously reported expenses. The company said it discovered the issue when it was preparing its earnings,
Macy’s Says Accounting Employee Hid Up to $154 Million in Delivery Expenses
Macy’s delayed its quarterly results after the company discovered that an employee had hidden up to $154 million in corporate delivery expenses over several years, prompting an investigation.The retailer said Monday that a single employee,
Macy’s Worker Hid Millions in Expenses, Prompting Earnings Delay
Macy’s Inc. is delaying its third-quarter earnings release after an investigation revealed an employee hid more than $100 million of expenses over several years.
Macy’s forced to delay quarterly earnings due to employee hiding up to $154 million in expenses
CNN’s Vanessa Yurkevich reports on Macy’s announcing that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report.
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 ...
Macy’s Thanksgiving Day parade route to be chilly, rainy this year
The famous Macy’s Thanksgiving Day Parade in New York City has dazzled countless people for nearly a century, and despite the ...
5 Things to Know About Macy’s $100 Million Accounting Issue
A Macy’s employee intentionally hid up to $154 million in delivery expenses over the past three years. Investors have a lot ...
Chicago Sun-Times4h
No arrests following shooting that interrupts holiday celebrations near Loop Macy's, Chicago police say
Several people run moments after a shooting outside a Macy’s in the Loop Nov. 23, 2024. CBS Chicago Share A shooting that ...
Austintown kids make minature Macy’s parade
The legendary actress Sophia Loren has a lookalike granddaughter, Lucia-Sofia Ponti, and she’s making her public debut in the ...
Woman shot near Macy’s in downtown Chicago; witnesses speak
Chicago police are investigating after a woman was shot downtown near Macy’s Saturday night. Police said just before 9 p.m., ...