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.
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While Macy's says a single employee was responsible for the error, accounting and auditing experts told BI it should have ...
A Macy’s employee intentionally hid up to $154 million in delivery expenses over the past three years. Investors have a lot ...
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