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Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says
Macy's Employee Hid Up To $154M In Expenses Since 2021, Company Says A Macy’s employee misstated up to $154 million in delivery expenses over several years, the company just said. The development forced the retailer to delay its third-quarter earnings report. The employee, whose name has not been released, has been fired. According to the company, the employee responsible for accounting small package delivery expenses made erroneous accrual entries to conceal the costs from the fourth quarter of 2021 through the most recent quarter. During that time, Macy’s reported a total of $4.36 billion in delivery expenses. The company conducted an independent investi…

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by Joe Lombardi
Lifestyle
Hershey's Is Raising The Cost Of Your Favorite Chocolate Treats Hershey's Is Raising The Cost Of Your Favorite Chocolate Treats
Hershey's Is Raising The Cost Of Your Favorite Chocolate Treats With less than two weeks until Valentine's Day, The Hershey Company is raising the cost of chocolate. The news was announced during The Hershey Company's Fourth Quarter of 2021 Earnings Conference Call on Thursday.  The company said it is planning for “list price increases across all segments” as a way to drive sales growth.  “Pricing will be an important lever for us this year and is expected to drive most of our growth,” said CEO Michele Buck stated. The reason given for the hike was the rising cost of labor and ingredients. Hershey had already raised some of it's prices in 2…

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by Jillian Pikora