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International Business Times

Luke Funk

Macy's Says Employee Intentionally Hid Up To $154 Million In Delivery Expenses

The Macy's company logo is seen at the Macy's store on Herald Square on January 19, 2024 in New York City. (Credit: Michael M. Santiago/Getty Images)

Macy's announced Monday that it is delaying its earnings release to investigate millions of dollars in expenses it says an employee purposely hid.

The company says that as it was preparing financial statements for the fiscal quarter that ended November 2, 2024, it identified an issue related to delivery expenses in one account.

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