During that time period, Macy’s announced $4.36 billion in delivery expenses. The fraudulent accounting did not affect daily business, according to the company. In a preliminary report Monday ...
Nov. 25 (UPI) --Macy's announced Monday that it would delay its full third-quarter earnings report because of an employee hiding up to $154 million in expenses, sending its stock plummeting in ...
Macy's Inc. says it will no longer release its full third-quarter earnings report this week as planned, after discovering an employee "intentionally" hid up to $154 million in expenses.
Macy's (M) on Monday delayed its third quarter earnings release as it conducts an internal investigation into an employee hiding up to $154 million of expenses ... Q3 earnings report on Tuesday ...
During a week that all eyes are on Macy’s the iconic department store chain is making headlines for a reason outside of its annual Thanksgiving Day parade. Company officials said its quarterly ...
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following its discovery that an employee had purposely hidden between $132 million to $154 million in delivery expenses. The company's Q3 report had been scheduled for Tuesday. The “erroneous ...
was expected to report quarterly results on Tuesday. The retailer said Monday that it identified an issue related to delivery expenses in one of its accrual accounts earlier this month.
By Jordyn Holman and Danielle Kaye Macy’s said on Monday that an employee had “intentionally” misstated and hidden up to $154 million in delivery expenses over the past few years ...
Nov. 26 (UPI) --Macy's announced that an employee "hid" up to $154 million, prompting the U.S. department store chain to delay the release of its third-quarter earnings report. The iconic U.S ...