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Kiplinger
Kiplinger
Business
Joey Solitro

Macy's Delays Quarterly Report After Employee Hides Millions

Outside of a Macy's store in Manhattan.

Macy's (M) stock is lower to start the week after the department store chain announced preliminary results for its fiscal third quarter and said it is delaying its quarterly filing due to "erroneous accounting accrual entries" by a single employee.

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