Macy's says worker hid more than $130m in costs

Quick Summary:

An employee "intentionally" concealed expenses related to package deliveries, the retailer says.

Macy's also said the impact was limited and would not affect its payments to other firms.

The more than $130m that was concealed was a small fraction of the more than $4.3bn in overall delivery expenses during that time, it added.

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Article Details

Author / Journalist: BBC News

Category: Business

Markets: United Kingdom

Topics: Person Sales Delivery Expenses Responsible Concealed Store Department Small

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 15:01:02 (12 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 452 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23834807

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 6 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 15 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #43

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