Advertisement | | | Did you hear the story about a Macy’s employee who hid millions of dollars? This happened recently, and there is a theory about it. Find out all the info later in this email. | | 💵 Today’s Top Stories | | | Team Clark’s resident travel expert holds decades of experience. Here are her tried and true resources for booking cheap trips. Read more. |
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| | 🔎 The Case of the Missing $154 Million at Macy’s | Macy’s held its annual Thanksgiving Day Parade in Manhattan last week. But it wasn’t the biggest headline the company made. | The department store chain delayed its third-quarter earnings report until Dec. 11 after discovering an employee hid … not $1,000, not $1 million … but $154 million in delivery expenses in the last three years. | Wow! | In February, Macy’s announced that it planned to close 150 stores in the next three years. The company said it gained $66 million in asset sales, but in-store sales fell 2.4% and missed projections. | Why would the employee, who no longer works for Macy’s, hide such a large sum from the balance sheet? One theory, as the Wall Street Journal reported: “[maybe] the employee was trying to boost the profitability of their department to increase compensation.” | | 📊 Stat of the Day | | | 💰️ Deal Alert: Today’s Top Deals | | | | | 🎙️ Podcast |  | Full Show: TVs Are Cheaper Than Ever and Why Employers Need To Give Employees Ownership |
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| Years ago, TVs were big, bulky and expensive! Technology has come a long way and prices are down, down, down. But before you put a new TV in the cart, Clark has a key piece of advice to help you get the most bang for your buck. Also, Clark strongly believes in the power of treating employees fairly. When employees have some ownership, bottom lines transform! | | | ☎️ Need Money Help? | The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information. | | Advertisement | | | Did You Enjoy Today’s Newsletter?Let us know what you think so we can better serve you! | |
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