the person briefed on the probe said. Macy’s has said that the employee had responsibility for small package delivery expense accounting, but declined to provide further information about the ...

Earlier today, news came in about the probe that Macy’s launched into its own accounting practices, and it managed to trace it all back to, apparently, one guy. This did little to help share ...

The investigation found the employee (who is no longer working at Macy’s), had made one accounting mistake in late 2021, which snowballed into years of coverup, a person briefed on the probe ...

Sales fell short of what analysts had expected, with sales declining at Macy's stores and rising at its higher-end brands Bloomingdale's and Bluemercury. The company's probe into an accounting ...

Macy's said in an earlier statement that a single employee overseeing small package delivery expense accounting "made erroneous accounting accrual entities," enabling them to hide millions from ...

NEW YORK — Macy's said Wednesday that it has tightened internal financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span ...

citing a source briefed on the probe. To hide the error, the employee, who wasn’t identified by Macy’s, “continued to intentionally make erroneous accounting entries and falsify underlying ...

The discovery of the accounting errors prompted the retailer in November to postpone reporting its quarterly financial results for two weeks, triggering a selloff of Macy’s shares. The stock ...