Macy updates status of employee that hid $151M over 3 years

Macy Updates Status Of Employee That Hid $151M Over 3 Years

2 weeks from now

Dec 11, 2024  · Macy's CEO Tony Spring provided a fresh update on the rogue employee that hid $151 million in delivery expenses since 2021 and disclosed the individual is no longer with the …

foxbusiness.com

Macy’s Provides More Details About That Employee Who Hid More …

2 weeks from now

Dec 11, 2024  · Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses, and it has tightened its controls to …

cnn.com

Macy's Confirms Rogue Employee Hid $151 Million In Expenses

2 weeks from now

Dec 11, 2024  · Although $151 million is small relative to the $4.36 billion Macy's said it had tallied in overall delivery expenses during the period in question, it is more than the entire company's …

nbcnews.com

Macy’s Found A Single Employee Hid Up To $154 Million Worth Of …

2 weeks from now

Nov 25, 2024  · Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, …

cnn.com

Rogue Employee At Macy's 'hid' Up To $154M In Expenses - New …

2 weeks from now

Nov 25, 2024  · Macy’s estimates the missing expenses between $132 million and $154 million. During the three-year period in question, Macy’s said it had incurred a total of $4.36 billion in …

nypost.com

Macy’s Says Employee Hid Up To $154 Million In Expenses

2 weeks from now

Nov 25, 2024  · “At Macy’s Inc., we promote a culture of ethical conduct,” Chairman and CEO Tony Spring said in a statement. “While we work diligently to complete the investigation as …

newsnationnow.com

Macy's Says An Employee Hid As Much As $154 Million In Expenses

2 weeks from now

Nov 25, 2024  · A former Macy's employee allegedly hid up to $154 million in delivery expenses for nearly three years, the retailer announced on Monday. Macy's said that it found an issue with …

npr.org

Macy's Says Employee Hid Up To $154 Million Since 2021 - NBC News

2 weeks from now

Nov 25, 2024  · 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 …

nbcnews.com

Macy's Says Worker Hid More Than $130m In Costs - BBC

2 weeks from now

Nov 25, 2024  · 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 …

bbc.com

Macy’s Says Employee Hid Up To $154 Million In Expenses

2 weeks from now

Nov 25, 2024  · 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 …

people.com

Macy's Delays Quarterly Report, Claims Employee Hid $154 Million …

2 weeks from now

Nov 25, 2024  · Macy's preliminary results showed net sales fell to $4.74 billion compared to analysts' expectations of $4.77 billion, a sign that steep promotions have failed to draw …

foxbusiness.com

5 Things: Macy’s Employee Hides $154 Million From The Company …

2 weeks from now

Nov 26, 2024  · A Macy's employee makes intentional accounting errors to hide $154 million from the company. A TikTok influencer was arrested for shoplifting at Target after police used her …

cnn.com

Macy’s Discovers Employee Hid Millions In Delivery Expenses

2 weeks from now

Nov 25, 2024  · Macy’s sales in the third quarter fell 2.4 percent — below analysts’ expectations — to $4.74 billion. The company’s overall sales were dragged down by weak performance at …

nytimes.com

Macy's $132 Million Mystery Raises Big Questions - Business Insider

2 weeks from now

Nov 26, 2024  · Macy's said an employee intentionally made accounting errors totaling $132 million to $154 million. Auditing experts told BI the available evidence suggests a failure of …

businessinsider.com

Macy's Missing $154 Million Linked To Highly Touted Metric (M ...

2 weeks from now

Nov 26, 2024  · For years, Macy’s Inc. touted its ability to boost profits by cutting delivery costs and trimming other expenses on calls with Wall Street analysts. Then on Monday, the …

bloomberg.com

Macy’s Says Accounting Employee Hid Up To $154 Million In …

2 weeks from now

Macy’s M-1.72 % decrease; red down pointing triangle delayed its quarterly results after the company discovered that an employee had hidden up to $154 million in corporate delivery …

wsj.com