Macy's is grappling with more than just inclement weather for its Thanksgiving parade, dealing with a $154 million accounting error and declining sales.
The accounting issue stems from an employee's mismanagement related to expenses on small package deliveries, which is concerning for Macy's given the timing before a major holiday.
Despite the rain forecast for the parade, with 98 years of tradition, it remains a vital promotional event for Macy's, showcasing new character balloons like Minnie Mouse and Spider-Man.
The parade serves not only as a festive event for local onlookers but also as a critical marketing opportunity broadcasted to millions across the country every Thanksgiving.
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