How could Macy's overlook millions in hidden expenses for years?
Over some three years over which the inaccurate financial reporting took place, Macy's incurred $4.36 billion in delivery expenses, the company said. At most, the hidden expenses made up 3.5% of the overall costs faced by the department. "The dollar amount is small relative to Macy's operations," Johanns said.
Macy’s is in crisis mode after disclosing that an employee cooked the books for years, using unethical accounting practices ...
Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million ...
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
A former employee of Macy’s has been accused by the retail company of hiding at least $132 million, but potentially as much ...
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