Eight years after Martha Stewart was released from prison for lying about a stock trade, the home diva is now facing another legal mess that may not be easy to clean up.
J.C. Penney, which is struggling with big losses and steep sales declines, could face another challenge: empty shelves.
J.C. Penney, which also is struggling with big losses and steep sales declines, could face another challenge: empty shelves. A judge told Penney’s attorneys that the chain took a risk by ordering mercandise from the company Martha Stewart founded.
It’s been a tough week to be Ron Johnson. After facing down investors this week over a dismal quarterly performance, the JCPenney CEO will be in the spotlight again — in court.
Macy’s CEO Terry Lundgren testified on Monday that he hung up on home diva Martha Stewart after she called to inform him back in December 2011 that her company had signed a deal with J.C. Penney to open shops at most of the chain’s stores.
Let the pots and pans fly. Two of the nation’s biggest department stores — J.C. Penney Co. and Macy’s Inc. — are expected to duke it out in court over the right to sell Martha Stewart merchandise.
Several weeks ago investigators say three men walked into the Macy’s at Firewheel Town Center in Garland grabbing watches worth thousands of dollars.
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Macy’s Inc. is suing rival retailer J.C. Penney Co., claiming Penney’s bid to sell products by Martha Stewart Living resulted in the breach of an exclusive contract held by Macy’s and could cost it potentially billions in sales.
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Macy’s has sued Martha Stewart Living Omnimedia in a bid to block a licensing deal between the housewares company and JCPenney.