Today begins the Crock-pot trial of the century: an attempt by Macy's to block a deal between Martha Stewart Living Omnimedia and J.C. Penney. Macy's says it has exclusive rights to sell Martha Steward-branded products, which her company's pact with Penney's violates.
A number of major U.S. companies postponed quarterly earnings reports Monday as Hurricane Sandy bore down on the East Coast and financial markets were closed: Among the biggies waiting until the rain stops: Pfizer, Thomson Reuters, NRG Energy, and Martha Stewart Living Omnimedia.
Six months after J.C. Penney Co. launched a bold new pricing plan, customers still aren't buying it. The department store chain reported a bigger-than-expected loss and plummeting sales during the second quarter.
Macy's said Friday it had won a preliminary block against Martha Stewart Living Omnimedia selling some of its products at J.C. Penney. Macy's says the JCP deal violates the terms of an exclusive pact it has with the fashion doyenne's company.
Martha Stewart has a new legal problem to contend with: Macy's, which had an exclusive licensing deal with her namesake company, has filed a lawsuit against Martha Stewart Living Omnimedia for hooking up with J.C. Penney.