Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses, and it has tightened its controls to avoid a repeat of ...

Macy’s said an investigation into accounting problems found that a rogue employee hid more than $151 million in expenses to cover up a bookkeeping mistake and wasn’t motivated by personal or ...

The discovery of the accounting errors prompted the retailer in November to postpone reporting its quarterly financial results for two weeks, triggering a selloff of Macy’s shares. The stock ...

A former Macy's employee allegedly hid up to $154 million in delivery expenses for nearly three years, the retailer announced on Monday. Macy's said that it found an issue with delivery expenses ...

Simply sign up to the Retail sector myFT Digest -- delivered directly to your inbox. Macy’s has delayed the release of quarterly results after the US retailer revealed an employee had hidden at ...

By Jordyn Holman With just two weeks until Christmas, Macy’s has been operating under a cloud. It lifted, in part, when the retailer on Wednesday gave more details about how an employee had ...

An ex-employee is accused of hiding expenses totaling as much as $154 million. Days before Macy's is set to take center stage for its annual Thanksgiving Day Parade, the department store chain ...

By Jordyn Holman and Danielle Kaye Macy’s said on Monday that an employee had “intentionally” misstated and hidden up to $154 million in delivery expenses over the past few years ...