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Macy’s worker hid millions in expenses, prompting earnings delay

The worker “intentionally” hid $132m to $154m of delivery expenses through false accounting entries from the end of 2021 through Nov. 2 of this year, the company said. The retailer said it discovered the issue while preparing its recent quarterly financial statements, prompting an independent investigation into the person.

 


 

“While we work diligently to complete the investigation as soon as practicable and ensure this matter is handled appropriately, our colleagues across the company are focused on serving our customers and executing our strategy for a successful holiday season,” Spring said.

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fraud