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Tag: KPMG

$130M Expense Cover-Up? Macy’s Earnings Delayed Amid Shocking Investigation!

Posted on November 26, 2024December 3, 2024 by Aditi Rao

Macy’s has postponed its third-quarter earnings report, citing a forensic investigation into a former employee’s concealment of more than $130 million in expenses over three years. The company revealed Monday that the individual, who managed accounting for small-package delivery expenses, had intentionally hidden between $132 million and $154 million. Macy’s confirmed the employee is no…

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