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

ABC News on MSN · 10h

How did a Macy’s employee hide millions in expenses for years?

Days before Macy's is set to take center stage for its annual Thanksgiving Day Parade, the department store chain this week revealed a years-long accounting debacle unlikely to inspire gratitude among shoppers and shareholders.

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.

New York Post · 1d

A Macy’s employee ‘hid’ up to $154M in expenses over three years — but why?

While we work diligently to complete the investigation as soon as practicable and ensure this matter is handled appropriately, our colleagues across the company are focused on serving our

10h

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

The retail giant delayed the results of its third quarter earnings after discovering that an employee hid millions of dollars ...

1don 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.

1don MSN

Macy’s says employee hid as much as $154 million in expenses

Macy’s said an employee hid as much as $154 million in delivery expenses over a three-year period, prompting the retailer to ...

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