Source: BBC News [UK State Media]
“US department store Macy’s has said a rogue staffer concealed more than $130m (£103m) in company costs over roughly three years, causing it to delay the release of its latest accounts. Macy’s, also the owner of Bloomingdales and the make-up chain Bluemercury, said it was postponing its quarterly sales update as it investigates the incident. The person was responsible for tracking expenses related to small package deliveries, the retailer said. It added that it believed the person had acted alone. Macy’s also said the impact was limited and would not affect its payments to other firms.” (11/25/24)