Macy's Denied Restraining Order Against J.C. Penney
A judge has rejected Macy's request to slap rival J.C. Penney with a temporary restraining order barring it from selling non-branded goods designed by Martha Stewart.
A judge has rejected Macy's request to slap rival J.C. Penney with a temporary restraining order barring it from selling non-branded goods designed by Martha Stewart.
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J.C. Penney pins its hopes on former CEO Mike Ullman to revive the retailer after a risky turnaround strategy backfired and led to massive losses and steep sales declines.
Martha Stewart testified in court on Tuesday that she did nothing wrong when she signed an agreement to open up shops within most of J.C. Penney's stores across the country, despite a preexisting contract to sell some items exclusively at Macy's.
Macy's Chairman, President and CEO Terry Lundgren is scheduled to testify in New York State Supreme Court on Monday in a trial that pits the department store chain against rival J.C. Penney over a partnership with home diva Martha Stewart.
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.
Forget the fiasco that killing sales and coupons has turned out to be for J.C. Penney: CEO Ron Johnson's other radical change -- transforming the stodgy department store from a sea of clothing racks into an emporium of 100 hip, branded shops -- just might be its saving grace.
Macy's took its legal battle over its agreement to exclusively sell certain Martha Stewart items directly to J.C. Penney on Thursday, accusing the rival department store chain of interfering with its contract with the home goods designer.
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.
J.C. Penney CEO Ron Johnson has a bold plan to revive the sluggish retailer, but based on its latest earnings report, the plan isn't working. However, it's way too early in this marathon metamorphosis to count Penney's out. Here's why:
It's the nightmare we fear when we file our tax returns: an IRS audit. Huge inconvenience, rejected deductions and a hefty bill. Here are three tales of those who have been under the microscope, and some advice on how to avoid -- or survive -- the tax man's fierce scrutiny.
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.
New CEO Ron Johnson's plan to revamp J.C. Penney is seriously ambitious. No more coupons, almost no more sales, and a complete rethink of the department store model. So why does he think he can pull it off -- and with a chain that has lagged its rivals? Because maybe he can. Here's why:
Target may be planning to add something that's chic but certainly not cheap to some of its stores. Sources say Apple will open small stores within 25 of Target's largest stores later this year. But you may be surprised about which ones.














