The retailer said the incident involved only one former employee, who had hidden as much as $154 million of delivery expenses since 2021. The more that people shopped online, the bigger the delivery expense line item ratcheted up. Checks and BalancesTo be sure, the amount of hidden expenses by the former employee is a small portion of overall delivery costs. Macy’s declined to make its CFO available for an interview. Macy’s declined to comment on its controls.

Source: Mint November 27, 2024 05:32 UTC