Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday.

Macy's announced Monday that it would delay its full third-quarter earnings report because of an employee hiding up to $154 million in expenses, sending its stock plummeting in early trading.

It’s Thanksgiving Week, so the only thing we should be thinking about regarding Macy’s is its parade. Instead, the company postponed its quarterly earnings release to complete an investigation after discovering an employee hid up to $154 million in expenses,