Macy’s Delays Q3 Earnings to Investigate Financial Irregularity
Retail TouchPoints
NOVEMBER 25, 2024
Following an independent investigation and forensic analysis, Macy’s said it identified “a single employee with responsibility for small package delivery expense accounting” who had intentionally made erroneous accounting entries to hide approximately $132 to $154 million in delivery expenses from Q4 2021 to this current quarter.
Let's personalize your content