Macy’s was forced to delay reporting its third-quarter earnings after it was revealed that an employee hid up to $154 million in expenses related to delivering small packages.
Categories: $154 million$4.36 billion150 stores350 Macy's locationsaccrual accountsBeautyBloomingdale'sBluemercuryBusinessConsumer spendingdelivery expensesEmployeeethical conductExpensesfourth quarter of 2021holiday seasonindependent investigationinflationJames Meyersluxury salesMacy'sOAN Newsroomreorganization initiativeRetailskin caresmall packagesthird-quarter earningsTodays HeadlinesTony Spring