Macy's Merchandising Group International, LLC
Location
New York
Founded
2006-02-28
Website
Risk Signals
1960 news mentions monitored
Industry Context
This company is tracked across risk categories, including those related to its sector (e.g., Department Stores), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.
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Recent Articles about Macy's Merchandising Group International, LLC
Live alerts from global media, monitored by Business Radar
2025-01-30 (artofprocurement.com)
Misfortune on 34th Street: Accounting Issues at Macy’s
Macy's faces significant accounting issues due to an employee's error, revealing flaws in their financial practices and underscoring the complexities of modern accounting.
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2024-12-17 (freightwaves.com)
Macy’s $151M freight accounting scandal: What happened with parcel deliveries? -
In late 2024, retail giant Macy’s revealed a shocking accounting scandal involving its parcel delivery expenses. It said a single employee had managed to hide approximately $151 million in delivery costs over nearly three years, causing significant disruption to the company’s financial reporting and raising questions about its internal controls.
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2024-11-25 (washingtontimes.com)
Macy's says employee hid up to $154M in expenses, delays Q3 earnings - Washington Times
Macy's reported weaker-than-expected preliminary sales for the fiscal third quarter and said it's delaying the release of its quarterly earnings results after it discovered an up to $154 million accounting-related issue.
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