Macy's Delays Results After Finding Employee Hid Millions in Delivery Expenses
A single employee "intentionally" made wrong accounting entries to hide about $132 million to $154 million of delivery expenses between the fourth quarter of 2021 through third quarter of 2024, Macy's said. It had recorded about $4.36 billion as delivery expenses in this period.
Macy’s is in crisis mode after disclosing that an employee cooked the books for years, using unethical accounting practices ...
Macy's shoppers are racing to score incredible Black Friday deals, and we've noticed that so many are already selling out.
Law enforcement officials say they have broken up a shoplifting ring that stole nearly $2 million in merchandise from ...
WQRF Rockford on MSN1h
Byron’s Macy Groharing scores 1,000th pointMacy Groharing’s outstanding basketball career at Byron High School reached a milestone moment Tuesday night at the Dakota ...
For years, Macy’s Inc. touted its ability to boost profits by cutting delivery costs and trimming other expenses on calls ...
While Macy's says a single employee was responsible for the error, accounting and auditing experts told BI it should have ...
The department store chain had to delay its third quarter financial statements after uncovering 'erroneous accounting accrual ...
Macy's on Monday delayed the publication of its third-quarter results due to an accounting issue tied to delivery expenses ...
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