Macy’s finally released its third-quarter earnings on Wednesday after having to delay it due to a massive accounting scandal caused by one employee. The employee, who no longer works for Macy ...

(Photo: Shutterstock) In late 2024, retail giant Macy’s revealed a shocking accounting scandal involving its parcel delivery expenses. It said a single employee had managed to hide approximately ...

The retailer last month said an employee responsible for small-package delivery expense accounting intentionally made erroneous bookkeeping entries since late 2021. The discovery led Macy’s to ...

Remember, not so long ago, when department store giant Macy’s (M) noted it had to delay earnings when it discovered a serious accounting scandal in the works? Earlier today, news came in about ...

A working group set up in the wake of the US accounting scandals has been examining UK company law to see what steps the Government should take before a similar controversy happens. An interim ...

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 ...

Gareth Thomas told Sky News the Business and Trade department is "working at pace" to avoid mistakes made during the handling ...

Macy’s decision to not withdraw old financial statements despite making sizable adjustments to earnings figures after finding $151 million in false bookkeeping entries has some accountants ...