Macy’s says employee hid up to $154 mn in costs over 3 years

Macy’s disclosed Monday that an employee had hidden up to $154 million in expenses through false accounting entries over more than three years. The department store chain, which is set to host its annual Thanksgiving Day parade later this week in Manhattan, delayed a full release of third-quarter results in light of the revelation. Following […]

The post Macy’s says employee hid up to $154 mn in costs over 3 years appeared first on Insider Paper.