Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over the course of nearly three years. The person who ...

Macy’s said a rogue employee intentionally concealed as much as $154 million in expenses over the past few years, forcing the department store giant to delay its quarterly earnings release. The ...

The accounting irregularities prompted the company to delay reporting its full third-quarter results for 2024 Deb Cohn-Orbach/UCG/Universal Images Group via Getty ...

Ahead of the busy holiday shopping season, popular department store chain Macy’s said that an employee allegedly hid between $132 million and $154 million in delivery expenses, resulting in a delay of ...