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.
Martha Stewart, Emeril Lagasse and the Home Shopping Network are being sued by a German trade association for allegedly selling knock-off knives.
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.
Macy’s has sued Martha Stewart Living Omnimedia in a bid to block a licensing deal between the housewares company and JCPenney.
Department store operator JCPenney is buying a minority stake in Martha Stewart Living and teaming with the company on a store-within-a-store.