2min chapter

Morning Brew Daily cover image

Industries React to Trump Tariffs & Drake-Kendrick Beef Goes to Court

Morning Brew Daily

CHAPTER

Macy's Accounting Scandal and Its Impact on Retail Performance

This chapter explores a major accounting error at Macy's, where $154 million in delivery expenses was hidden through fraudulent entries, leading to a delayed earnings report. It also examines the retailer's mixed sales performance amid concerns over the effectiveness of its long-time auditor, KPMG.

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