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 ...
Over some three years over which the inaccurate financial reporting took place, Macy's incurred $4.36 billion in delivery ...
Macy's shoppers are racing to score incredible Black Friday deals, and we've noticed that so many are already selling out.
The department store chain had to delay its third quarter financial statements after uncovering 'erroneous accounting accrual ...
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
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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 ...
While Macy's says a single employee was responsible for the error, accounting and auditing experts told BI it should have ...
Macy’s is in crisis mode after disclosing that an employee cooked the books for years, using unethical accounting practices ...
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