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Macy’s employee hid up to $154M in expenses

U.S. News & World Report · 2h

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 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.

New York Post · 1d

A Macy’s employee ‘hid’ up to $154M in expenses over three years — but why?

While we work diligently to complete the investigation as soon as practicable and ensure this matter is handled appropriately, our colleagues across the company are focused on serving our

13hon MSN

How did a Macy’s employee hide millions in expenses for years?

Days before Macy's is set to take center stage for its annual Thanksgiving Day Parade, the department store chain this week ...

14hon MSN

Macy’s Touted a Metric That Ended Up Being Juiced for Years by Former Employee

For years, Macy’s Inc. touted its ability to boost profits by cutting delivery costs and trimming other expenses on calls ...

13h

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

The retail giant delayed the results of its third quarter earnings after discovering that an employee hid millions of dollars ...

1don MSN

Macy's says an employee hid up to $154 million in expenses

Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.

Parade on MSN4d

Macy's Thanksgiving Day Parade Boss Takes Us Behind the Scenes of This Year's Spectacle

So how will this work? Coss: So [Macy's Studios employee Matt's] doing all the programming right now, and that'll live on ...

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