Macy’s identified a single employee who made “erroneous” accounting entries to hide up to $154 million in delivery expenses during a three-year period.

To be sure, the amount of hidden expenses by the former employee is a small portion of overall delivery costs. Macy’s has been focused on cost cutting across the company, not just delivery expenses.

The mattress was 50% off (the actual price was $3100). I paid with my Macy's card and was given a delivery date. The mattress was delivered on time, ... Avoid at all costs Macy's furniture!

Originally set on Nov. 26, Macy (NYSE:M) postponed its Q3 earnings report claiming an accounting problem affecting delivery expenditures. The corporation then revealed early figures displaying ...

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.

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, forcing the retailer to delay a much ...

US department store Macy's has said a rogue staffer concealed more than $130m (£103m) in company costs over roughly three years, causing it to delay the release of its latest accounts.

Macy's employee hid up to $154 million in delivery costs, and stock takes a dive Provided by Dow Jones Nov 25, 2024, 3:17:00 PM. By Tomi Kilgore .

Originally set on Nov. 26, Macy (NYSE:M) postponed its Q3 earnings report claiming an accounting problem affecting delivery expenditures. The corporation then revealed early figures displaying ...

Macy’s employee hid up to $154 million in delivery costs, and stock takes a dive Investors receive short notice that earnings won’t be reported on Tuesday as expected, but will be released by ...