In late November 2024, Macy’s, one of America’s most iconic department store chains, dropped a bombshell that reverberated through the retail and financial worlds: a single employee had intentionally concealed between $132 million and $154 million in delivery expenses over a period of nearly three years, from the fourth quarter of 2021 through early November 2024. This staggering sum, hidden within the company’s small package delivery accounting, forced Macy’s to delay its third-quarter earnings report, originally scheduled for November 26, 2024, to December 11, 2024, as it scrambled to complete an independent investigation. The employee responsible, now terminated, acted alone,…