Investigation Reveals Loan Wolf Ex-Employee Cost Macy’s $151 Million
Department store chain Macy’s has been forced to slash its annual profit outlook after discovering that an employee concealed ...
Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup
We’re right in the middle of the holiday season, and Macy’s is making news—not just for its Thanksgiving Day parade and Black ...
Macy's accelerates store closures this year
Macy's said its accelerating the number of stores it plans to close this year as it works to turn around the struggling ...
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Macy's is claiming a lack of serious impact after an independent investigation determined that an employee had hid $151 ...
Macy's says internal control not effective after employee made entries to hide $154 mln
Macy's said on Thursday a re-evaluation of its financials showed that the department store chain's internal control, ...
Macy’s rogue employee hid $151M in expenses to cover up mistake, wasn’t motivated by personal gain
According to the Wall Street Journal, the employee told investigators about having mistakenly understated the amount of small ...
Macy’s tightens financial controls after employee covered up what became a $151 million mistake
Macy’s profit and sales declined in the third quarter as the department store chain wrestled with cautious spending amid ...
Macy’s Probe Found Employee Acted Alone in $151 Million Accounting Scandal
Macy’s has completed its investigation into accounting problems and found that a single employee’s mistake and coverup ...
Macy's confirms rogue employee hid $151 million in expenses over three years
A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy's ...
Macy’s Details Multimillion-Dollar Accounting Error in Downbeat Report
Macy’s, the largest department store chain in the United States, is in the midst of its latest turnaround plan, overseen by ...
Macy's gives update on employee who hid $151M
Macy's CEO Tony Spring provided a fresh update on the rogue employee who hid $151 million in delivery expenses since 2021 and ...