Macy’s found a single employee hid up to $154 million worth of expenses
- Macy's discovered an employee hid expenses totaling up to $154 million over several years, prompting a delay in its full quarterly results.
- An independent investigation revealed the employee made erroneous accounting entries from the fourth quarter of 2021 to November 2.
- Macy's preliminary results show net sales fell to $4.74 billion, indicating that promotions have not succeeded in attracting customers for Christmas.
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Total News Sources0
Leaning Left16Leaning Right9Center20Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 36%
C 44%
R 20%
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