Macy's confirms rogue employee hid $151 million in expenses over three years

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy's said Wednesday.

Macy's employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say

The department store operator slightly raised its full-year forecast, while still projecting a sales decline.
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Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal

The retailer found that a single employee’s mistake and coverup created millions of dollars in false bookkeeping entries.
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Here’s what one employee hiding money is doing to Macy’s stock and profit view

Macy’s cut its full-year earnings outlook, after making adjustments to reflect the impact of misstated delivery expenses.
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Macy's employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say