Macy's: Employee hid upwards of $154M in delivery expenses

Nov. 26 (UPI) -- Macy's announced that an employee "hid" up to $154 million, prompting the U.S. department store chain to delay the release of its third-quarter earnings report.

The iconic U.S. department store, known for hosting New York City's Thanksgiving Day Parade, was set to release its latest earning report on Tuesday. However, in a statement released a day prior, the company announced a delay to allow for the completion of an independent investigation into the missing funds.

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