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

Macy’s says employee hid up to $154 mn in costs over 3 years …C0NTINUE READING HERE >>>

Macy’s, which will host its annual Thanksgiving parade later this week, said it delayed its earnings release after uncovering some $154 million in erroneous accounting entries.
Photo: Eugene Gologursky / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/File
Source: AFP

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…

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