Breaking news: Macy’s employee hid up to $154 million in delivery expenses

It forced the company to delay a much-anticipated earnings report.

View in browser Nov. 25, 2024, 10:12 a.m. ET BREAKING NEWS John Taggart for The New York Times Macy's Discovers Employee Hid Millions in Delivery Expenses An employee had improperly accounted for up to $154 million over the past few years, the company said, forcing it to delay a much-anticipated earnings report that Wall Street uses to gauge the strength of holiday shopping. Read more Sign up for the the DealBook newsletter. Our columnist Andrew Ross Sorkin and his Times colleagues help you make sense of major business and policy headlines — and the power-brokers who shape them. Get it in your inbox Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Breaking News from The New York Times. To stop receiving Breaking News, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018