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Macy’s found a single employee hid up to $154 million worth of expenses

  • Macy's found that an employee hid up to $154 million in expenses over several years, as reported in the company's announcement.
  • The employee responsible for the hidden expenses has left the company, and no other involvement was identified.
  • Macy's will release its full results and guidance by Dec. 11, after facing weaker-than-expected sales.
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