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

CNN on MSN · 4d

Macy’s found a single employee hid up to $154 million worth of expenses

Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday.

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.

The New York Times · 4d

Macy’s Discovers Employee Hid Millions in Delivery Expenses

The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter.

1d

How Macy’s worker hid up to $154 million in fake expenses

The retail giant announced a delay in its third-quarter earnings report, postponing the release from November 26 to December ...

4don 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.

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