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Macy, accounting scandal
Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup
Macy’s finally released its third-quarter earnings on Wednesday after having to delay it due to a massive accounting scandal caused by one employee. The employee, who no longer works for Macy’s made one mistake that led to years of coverup.
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 created $151 million in false bookkeeping entries.
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 million in delivery expenses.
2h
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, ...
14h
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 ...
thefw
2h
Macy’s Just Expanded List of Store Closings; Here’s When They’ll be Gone For Good
In 1932, Macy's Tom Cat balloon got stuck in the propeller of a plane when the aviator flying the plane tried recovering the ...
7h
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 more than $150 million in delivery expenses.
2h
Macy’s Has a 'Lush' $84 Plaid Sherpa Throw on Sale for $35, and Reviewers Say It’s ‘So Soft and Comfortable’
Sherpa blankets are ideal for the colder months of the year, and this throw from Woolrich is one of the cutest styles we've ...
Commercial Observer
3h
Macy’s Predicts $275M From Sales of Real Estate Portfolio, Will Close More Stores in 2025
Macy's has announced it expects to see $275 million in sales of its retail properties next year, nearly $125 million more ...
1d
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 ...
1h
on MSN
Macy's says internal control not effective after employee made entries to hide $154 million
Macy's said on Thursday a re-evaluation of its financials showed that the department store chain's internal control, ...
Yahoo
3h
Macy’s Is Selling an 'Elegant and Durable' $78 12-Piece Dining Set for Only $28 — but Only for a Super Limited Time
If you want to take advantage of this extra sale price, you'll have to act fast because the
Macy's
Friends & Family sale ...
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