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Macy's says staffer hid up to $154m in delivery expenses

By Frank Prenesti

Date: Monday 25 Nov 2024

(Sharecast News) - US retail store chain Macy's has been forced to delay publication of its third-quarter results, after an employee hid up to $154m in delivery expenses, while preliminary results showed sales missed expectations.
The company on Monday said a single employee "intentionally made erroneous accounting accrual entries" to hide...

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