### Macy's Faces Internal Probe Over $154 Million Hidden Expenses Scheme

Macy's Inc. has long prided itself on its efficiency in reducing delivery costs and other expenses, frequently highlighting these achievements in discussions with Wall Street analysts. However, the company shocked investors on Monday by announcing an internal investigation into a multimillion-dollar employee scheme to manipulate expense metrics.

The internal probe has uncovered that a single former employee had concealed approximately $154 million in delivery expenses since 2021. Macy's clarified that no cash was stolen from the company, but the hidden expenses represent a significant oversight in financial reporting.

Despite the serious nature of the situation, the $154 million represents only a small portion of the $4.36 billion Macy's incurred in delivery costs over the same period. The discovery has raised questions about the effectiveness of the retailer’s internal controls and financial oversight.

The incident has left many questioning the impact on the company's financial health and its ability to maintain investor trust moving forward. Macy's response to this issue and the outcomes of the investigation will be critical in shaping the company's future direction and investor confidence.