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The retailer trimmed its profit outlook after concluding its investigation into an employee plot to hide millions of dollars in expenses.
December 11 -
But last weekend was just the beginning: Retailers need help for the rest of the year, too.
December 5 -
The retailer said the incident involved only one former employee, who had hidden as much as $154 million of delivery expenses since 2021.
November 27 -
An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.
November 25 -
They're great for customers, but these annual events are not necessarily great for retailers.
September 24 -
Magazine Luiza's announcement of accounting "inconsistencies" deals another blow to companies that have struggled after the scandal that brought down Americanas.
November 15 -
Dirk Schreiber was the first top manager to be imprisoned over an accounting scandal that led to the near-collapse of the retailer.
August 21 -
This handful of tax and accounting tactics can help retailers better manage this major challenge.
August 15Chargebacks911 -
Steinhoff, the former owner of Mattress Firm in the U.S., has been battling to survive ever since auditors refused to sign off on its financials.
July 28 -
The store faces lawsuits from customers for alleged failure to deliver prepaid wine, is delinquent on $2.8 million in taxes, and reportedly could be evicted from its midtown home.
July 19