The department store chain said on Monday that it is investigating an employee who allegedly concealed tens of millions of dollars in expenses. Here’s what to know. Macy’s is grappling with the fallout from an internal investigation into an employee who allegedly concealed $132 million to $154 million in expenses over several years.

Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue

Macy's on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell short of Wall Street expectations.