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Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over the course of nearly three years.
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 shares fell 51 cents, or 3%, to $15.79 in morning trade. Macy's in February said it planned to close 150 stores and lay off more than 2,000 workers amid a pullback in consumer spending.
Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 ...
Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 million of expenses over several years.
The company recently discovered that the unnamed employee intentionally hid as much as $154 million in expenses over the course of nearly three years, prompting the retailer to conduct an ...
Shares of Macy's Inc., based in New York City, tumbled 9% before the opening bell. Macy's quarterly results were delayed after it discovered late last month that an employee intentionally hid as much as $154 million in expenses over several years. The company said Wednesday that its independent investigation of the incident is complete and that ...
Macy's postponed its Q3 earnings after an investigation revealed that an employee concealed between $132 million and $154 million in expenses. ... The employee is no longer working at Macy's, the ...