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

ABC News on MSN · 1h

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.

UPI News on MSN · 12h

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 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 in delivery expenses over the last three years.

1d

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 ...

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.

18hon MSN

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

Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million ...

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