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 ...
The retail giant delayed the results of its third quarter earnings after discovering that an employee hid millions of dollars ...
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
Macy’s said an employee hid as much as $154 million in delivery expenses over a three-year period, prompting the retailer to ...
But as delivery becomes increasingly essential to its business, Macy’s found this fall that it had a big problem there, too ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback