Macy’s rogue employee hid $151M in expenses to cover up mistake, wasn’t motivated by personal gain
According to the Wall Street Journal, the employee told investigators about having mistakenly understated the amount of small parcel delivery expenses in late 2021, citing a source briefed on the
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Macy's Strengthens Controls After Hidden Expenses ScandalMacy's has completed a thorough investigation into a serious accounting scandal, where a single employee managed to conceal ...
Macy's uncovered $151M in falsely recorded expenses due to one employee's misconduct. The company is working to regain trust and improve operations.
Retail giant lowers earnings outlook but raises sales guidance as it recovers from a three-year accounting fiasco.
Macy's Inc., once a titan of American retail, has announced plans to accelerate its store closure strategy, with 65 locations ...
Macy’s, the largest department store chain in the United States, is in the midst of its latest turnaround plan, overseen by ...
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