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Macy's is going through a serious accounting debacle after learning that a single employee purposefully falsified accounting documents to conceal between $132 million and $154 million in shipping ...

Macy's announced it would delay the full release of its third-quarter earnings to complete an investigation into the employee's activities. © 2024 Fortune Media IP ...

Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 ...

The company recently discovered that the unnamed employee intentionally hid as much as $154 million in expenses over the course of nearly three years, prompting the retailer to conduct an ...

Macy's Inc. says it will no longer release its full third-quarter earnings report this week as planned, after discovering an employee "intentionally" hid up to $154 million in expenses.

Following Monday's announcement, the company’s shares fell over 8% in premarket trading, but Macy's subsequently was able to reduce a number of the losses, the New York Times reported.