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. A former employee ...
Macy's Delays Q3 Earnings After Employee Hid up to $154M in Expenses
An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.
Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue.
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.
Macy's Q3 results delayed after employee hides millions in expenses
Macy's M.N on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell short of Wall Street expectations.
Macy's Delays Results After Finding Employee Hid Millions in Delivery Expenses
Macy's on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell short of Wall Street expectations.
Macy's: Employee hid upwards of $154M in delivery expenses
Macy's announced an employee has "hid" up to $154 million, prompting the U.S. department store chain to delay the release of its third-quarter earnings report.
Macy’s Worker Hid Millions in Expenses, Prompting Earnings Delay
Macy’s Inc. is delaying its third-quarter earnings release after an investigation revealed an employee hid more than $100 million of expenses over several years.
On This Day: First Macy's Thanksgiving parade held in NYC
On Nov. 27, 1924, the first Macy's Thanksgiving Day Parade took place in New York. The first three years, it was known as the ...
Woman hurt in shooting outside Loop Macy's likely was not targeted, police say
Two groups of male teens had argued before the shooting, which sparked masses of festivalgoers and shoppers to run for cover, ...
Macy's Thanksgiving Day Parade: See photos of floats through the years
With Thanksgiving upon us, the Macy's Thanksgiving Day Parade is a staple of the day. See how the iconic floats have changed ...
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Macy’s Thanksgiving Day Parade Over the Years
The 98th Macy’s Thanksgiving Day Parade will take place on Nov. 28, traveling from Central Park West to Macy’s Herald ...
How to watch the 2024 Macy's Thanksgiving Day Parade: Time, channel, where to stream free and more
The 98th Macy's Thanksgiving Day Parade will be held on Thursday, Nov. 28. Here's what to know. (Eugene Gologursky/ for ...
How many balloons are in the Macy's Thanksgiving Day Parade? See the full list of 22 balloons
It's not a Macy's Thanksgiving Day Parade without giant balloons floating between the skyscrapers of New York City. What will ...
How to watch and stream the Macy's Thanksgiving Day Parade
The holiday season really kicks off when the massive helium balloons start floating through New York. Here's everything you ...
Macy’s Touted a Metric That Ended Up Being Juiced for Years by Former Employee
For years, Macy’s Inc. touted its ability to boost profits by cutting delivery costs and trimming other expenses on calls ...