Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
A Macy's employee allegedly hid up to $154 million by making erroneous accounting accrual entries, according to the company.
Macy's said a former employee concealed up to $154 million in delivery expenses over the course of nearly three years.
Macy’s reported weaker-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly ...
Macy’s said an employee hid as much as $154 million in delivery expenses over a three-year period, prompting the retailer to ...