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.
For years, Macy’s Inc. touted its ability to boost profits by cutting delivery costs and trimming other expenses on calls ...
Days before Macy's is set to take center stage for its annual Thanksgiving Day Parade, the department store chain this week ...
Macy's shoppers are racing to score incredible Black Friday deals, and we've noticed that so many are already selling out.
Two groups of male teens had argued before the shooting, which sparked masses of festivalgoers and shoppers to run for cover, ...
Macy's is going through a serious accounting debacle after learning that a single employee purposefully falsified accounting ...
The 98th Macy’s Thanksgiving Day Parade will take place on Nov. 28, traveling from Central Park West to Macy’s Herald ...
Macy’s is in crisis mode after disclosing that an employee cooked the books for years, using unethical accounting practices ...
While Macy's says a single employee was responsible for the error, accounting and auditing experts told BI it should have ...
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