Macy’s and Forever 21 got accused of fat-shaming this week — and experts say retailers are far from truly getting the plus-size market

Now this was in poor taste. Both Macy’s M, -2.19% and Forever 21 have been backpedaling from accusations of body-shaming this week. Writer and CBS CBS, -0.10% correspondent Alie Ward called out Macy’s in a Sunday tweet for selling plates printed with three concentric circles that outlined portion sizes, with “skinny jeans” in the smallest ring, and “mom jeans” in the […]

Read more

Medicine Man Technologies to sell up to $14 million of stock to PE firm Dye Capital

Medicine Man Technologies Inc. MDCL, +9.43% said Thursday it has entered a share sale agreement with private-equity firm Dye Capital & Co. for up to $14 million. The Denver, Colorado-based company will use the funds to finance growth and pending acquisitions, that include research and phytopharmaceuticals company Medicine Man Denver, Los Sueños Farms and cannabis products maker Mesa Organics. Two […]

Read more

Macy’s shares jump after earnings blow past estimates

Macy’s Inc. M, +1.02% shares jumped 6.6% in Wednesday premarket trading after the department store retailer reported first-quarter profit that blew past estimates. Net income totaled $136 million, or 44 cents per share, down from $139 million, or 45 cents per share last year. The FactSet consensus was for 33 cents. Sales totaled $5.50 billion, down slightly from $5.54 billion […]

Read more

Marine Products shares slide on profit miss

Shares of Marine Products Corp. MPX, -9.36% slipped more than 3% Wednesday morning after the boat maker posted fourth-quarter sales and earnings that missed expectations. Atlanta-based Marine Products reported net income of $4.73 million, or 14 cents a share, for the quarter, up from $3.36 million, or 10 cents a share, a year earlier. Sales fell 5.4%, to $62.1 million, […]

Read more

Altria’s stock tumbles after Morgan Stanley turns bearish, slashes price target

Shares of Altria Group Inc. MO, -7.21% tumbled 7.5% toward a more than 4-year low in active afternoon trade Tuesday, after Morgan Stanley turned bearish on the cigarette seller, citing accelerating industry declines, deceleration in earnings growth and regulatory risks. The stock was on track for the lowest close since September 2014. Morgan Stanley analyst Pamela Kaufman downgraded Altria to […]

Read more

Macy’s has only itself to blame for lackluster holiday performance, analyst says

Macy’s Inc. can blame its own stores for the lackluster same-store sales results for the holiday shopping period, says Neil Saunders, GlobalData Retail’s managing director. Macy’s M, -18.66%  reported same-store sales growth on an owned basis of 0.7%, and a 1.1% same-store sales increase on an owned-plus-licensed basis. The department store retailer now expects full-year same-store sales growth on an […]

Read more

JCPenney moves to the clearance racks as it becomes a penny stock

JCPenney just became a penny stock. Shares of the ailing department store chainJCP, +3.33%  crashed on Thursday, dipping as low as 92 cents before closing down 7.5%, at 97 cents — the first time they’ve ever closed below a dollar since the company went public in the late 1970s. [Shares remained below $1 Friday morning.] The Plano, Texas-based retailer is […]

Read more
1 2