The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error ...
The department store chain said it had found the erroneous accounting entries while preparing its results for the third ...
An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.
Macy's says it will push back its third-quarter earnings report after discovering an employee "intentionally" hid as much as ...
Over some three years over which the inaccurate financial reporting took place, Macy's incurred $4.36 billion in delivery ...
The retail giant announced a delay in its third-quarter earnings report, postponing the release from November 26 to December ...
The retailer delayed its quarterly results after it said an employee hid delivery expenses over several years, prompting an ...
The popular department store chain Macy’s said that an employee allegedly hid between $132 million and $154 million in ...
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in ...
The person is no longer employed by the company, and it is unknown what the person's motivations were for hiding the expenses ...
Macy’s said an employee hid as much as $154 million in delivery expenses over a three-year period, prompting the retailer to ...