Macy's, Martha Stewart Living settle dispute

Published on NewsOK Modified: January 2, 2014 at 9:59 am •  Published: January 2, 2014
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NEW YORK (AP) — Macy's and Martha Stewart Living Omnimedia say they have settled a breach-of-contract lawsuit involving J.C. Penney.

But Macy's said the settlement does not impact its lawsuit against J.C. Penney Co., which is still ongoing.

Macy's Inc. and Martha Stewart Living Omnimedia Inc. said Thursday that their settlement terms are confidential and not material to their businesses. Both companies said that they look forward to "a continued, successful partnership together."

Macy's has had an exclusive merchandising contract with Martha Stewart since 2006, including items like bedding and bath products.

Stewart's company and Penney signed a merchandising deal in December 2011 to develop mini Martha Stewart shops. That prompted Macy's to sue both companies for violating its exclusive agreement with Martha Stewart.

Martha Stewart Living Omnimedia and J.C. Penney have already scaled back their partnership. In October the department store chain said it would no longer sell a broad range of home and bath products designed by Martha Stewart Living Omnimedia but would continue to sell a smaller batch of Martha Stewart items, including window treatments, rugs and party supplies.

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