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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 · 4d

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.

CNN on MSN · 4d

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 forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday.

1d

How Macy’s worker hid up to $154 million in fake expenses

The retail giant announced a delay in its third-quarter earnings report, postponing the release from November 26 to December ...

3don MSN

How could Macy's overlook millions in hidden expenses for years?

Over some three years over which the inaccurate financial reporting took place, Macy's incurred $4.36 billion in delivery ...

4don MSN

Macy’s says employee hid up to $154 million in expenses since 2021

Macy’s says employee hid up to $154 million in expenses since 2021 Macy’s on Monday said an employee responsible for managing ...

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