Macy’s delayed its quarterly results after the company discovered that an employee had hidden up to $154 million in corporate delivery expenses over several years, prompting an investigation ...

Macy's on Wednesday said it has concluded an investigation into an employee who intentionally hid about $151 million of delivery expenses. In a statement, CEO Tony Spring said the retailer is ...

Macy's says employee who allegedly hid $150 million in expenses had no major 'impact' The now-former Macy's employee hid the millions in delivery expenses over a nearly three-year period.

Macy’s said on Monday that an employee had “intentionally” misstated and hidden up to $154 million in delivery expenses over the past few years, forcing the retailer to delay a much ...

Macy’s estimates the missing expenses between $132 million and $154 million. During the three-year period in question, Macy’s said it had incurred a total of $4.36 billion in delivery expenses. 3 ...

Macy's recorded about $4.36 billion in delivery expenses in this period. Macy's preliminary third-quarter earnings showed that the company missed Wall Street expectations. (Gary Hershorn/Getty ...

Macy’s said an investigation into accounting problems found that a rogue employee hid more than $151 million in expenses to cover up a bookkeeping mistake and wasn't motivated by personal or ...

One employee made wrong entries on delivery expenses Q3 prelim sales of $4.74 bln misses estimates of $4.77 bln CEO Spring says November sales trending ahead of Q3 levels Nov 25 (Reuters) - Macy's ...

Macy's has launched an independent investigation, including forensic analysis, into the discrepancy and identified that a single accounting unit employee overseeing small package delivery expenses ...

Ahead of the busy holiday shopping season, popular department store chain Macy’s said that an employee allegedly hid between $132 million and $154 million in delivery expenses, resulting in a ...

Macy’s M 0.32 % increase; green up pointing triangle delayed its quarterly results after the company discovered that an employee had hidden up to $154 million in corporate delivery expenses over ...

Macy’s said an employee hid as much as $154 million in delivery expenses over a three-year period, prompting the retailer to delay the release of third quarter earnings. The New York-based ...