Macy’s finds that employee hid $154 million in expenses, Q3 earning report is delayed
Iconic retailer Macy’s announced Monday that it would delay its full third-quarter earnings report because of an employee hiding up to $154 million in expenses, which sent its stock plummeting in early trading.
Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly ...
Early sales growth sparks hope, but a $154M bookkeeping fiasco leaves investors uneasy ahead of December's full report.
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