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J. C. Penney Company, Inc. Message Board

  • screwedbyjcp screwedbyjcp Oct 20, 2013 10:42 PM Flag

    News on Martha Stewart

    JCPenney-Macy’s battle with Stewart coming to an end
    By James Covert
    October 20, 2013 | 9:38pm
    .
    JCPenney-Macy’s battle with Stewart coming to an end
    Martha Stewart
    .
    .
    A New York judge is preparing to bring down his gavel on the epic battle between Martha Stewart, Macy’s and JCPenney — and the head that gets hammered could be Martha’s.

    State Supreme Court Justice Jeffrey Oing, who gave the trio until this Friday to settle their contract disputes after nearly two years of legal bickering, is ready to rule this week, sources told The Post.

    Oing has appeared reluctant to make the long-awaited decision, hoping that the parties could settle their differences out of court, insiders said.

    The legal tiff was sparked in December 2011, when ex-Penney CEO Ron Johnson cut a 10-year, $200 million home-goods licensing deal with Stewart, despite the fact the domestic diva already had an exclusive licensing deal with Macy’s.

    After Macy’s sued last year, Oing temporarily barred Penney from labeling most of its Stewart-designed goods with Stewart’s name. Thus, Penney has been forced to give those goods the generic “JCP Everyday” moniker.

    Some legal experts expect the ban on most Stewart-branded goods at Penney stores will be made permanent if the judge is forced to rule, handing a victory to Macy’s.

    In turn, insiders say the real conflict now lies between Penney and Stewart.

    As reported by The Post, Penney CEO Mike Ullman, who this spring replaced the ousted Johnson, has moved to ditch the Stewart line, citing disappointing sales and lackluster designs, despite the fact the judge hasn’t ruled.

    Stewart, meanwhile, is clinging to the contract and its guaranteed royalties on designs of bedding and bath products, kitchen ware and party supplies.

    Penney has said it awaits the judge’s decision, while Martha Stewart Living Omnimedia has insisted that the contract remains in force.

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    • Wonder If Martha Steward Will Be FORCED to Pay JCP the Money They Paid for thier Intrest In Martha Stewart Living Omnimedia.

      I'm Sure Thier Was a Binder With the Contract.

      That Would Bankrupt Martha Stewart Living Omnimedia , Paying That Back. Thier Share Price Isn't Quite the Same.

      They Might as Well Give JCP the Company

      Martha Stewart Living Omnimedia Inc. (MSO)
      J C PENNEY CO INC Ownership Statement
      11,000,000 Shares Owned by JCP

      Martha Stewart Living Omnimedia Inc. (MSO)
      Shares Outstanding: 67.47M

      If They Get What They Paid for Thier Intrest in MSO , It's = To the Whole Value Of MSO

      • 1 Reply to misskellyfitz
      • I'm not sure you are getting the whole concept of the lawsuit. Macy's is also suing JCPenney. Any money between Martha and JCP will be a whole other lawsuit.

        The Judge could very well award punitive damages to Macy's against both Martha and JCP. Penney's has already decided to drop Martha Stewart. It all depends on how the judges verdict is stated, but Martha can sue JCP for breach of contract for dropping her.

        I have already posted the trademark information that JCPenney has dropped the JCP Everyday line, which we all know is Martha Stewart. I would look for Black Friday to be a lot of good deals on Martha's junk in order to clear it out of the store.

        Right now this lawsuit is all about what is owed to Macy's. I think we will see Martha coming after JCPenney for breach of contract, after this is all over with. You can thank ole RJ for that fine mess. They knew exactly what they were doing but thought they could pull a fast one.

        Ms Misfit, before you go and defend JCP on all of this, you need to go back and do your homework on the lawsuit. Check the New York Post...they have covered it from the very beginning.

        I just posted 2 current articles on Martha. The only reason I posted the article from September was because it was referenced to in the article that was just posted on the New York Post website. I could go back and copy/paste a ton of article like you do, but I have a little more RESPECT for the other people on this board. I think they are plenty capable of finding their own articles. If they don't know where to look, then it's time they learn. It's not that tough.

 
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