Macy’s says accountant hid up to $154 million in expenses

Published November 25, 2024 11:53am ET



An accounting employee for Macy’s intentionally hid between $132 million and $154 million in delivery expenses over several years, delaying the company’s third-quarter results.

The person, who was specifically responsible for small-package delivery expense accounting, is no longer employed by the company. It is unknown what the person’s motivations were for hiding the expenses.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.