Macy’s says employee hid up to $154 million in expenses since 2021
Macy's son According to Monday, a worker in charge of accounting for minor package delivery hid costs totaling up to $154 million over almost three years.
Ahead of its third-quarter earnings release, the department store operator announced Monday morning that the individual who allegedly concealed the money was no longer employed by the company. Beyond the announcement, the corporation declined to comment, as their statement on the topic did not specify the date of the employee's departure.
As investors search for hints about how consumers are shopping for the holidays, the news comes at a challenging moment for Macy's, which is inextricably linked to the Christmas season through the movie Miracle on 34th Street and the Macy's Thanksgiving Day Parade.Since the corporation has underperforme...