⁠Macy’s says an Employee Hid up to $154 Million in Expenses

US department store Macy’s has said a rogue staffer concealed more than 1-hundred-and 30 million dollars in company costs over roughly three years, causing it to delay the release of its latest accounts.

Macy’s, also the owner of Bloomingdales and the make-up chain Bluemercury, said it was postponing its quarterly sales update as it investigates the incident.

The retailer says the person was responsible for tracking expenses related to small package deliveries.

It adds that it believes the person had acted alone.

Macy’s also said the impact was limited and would not affect its payments to other firms.