Retail
J.C. Penney, Martha Stewart Win First Round in Fight with Macy’s
Published:
Last Updated:
This represents only the first round in the tussle between Macy’s and J.C. Penney over rights to use the Martha Stewart brand. Macy’s asserts an exclusive right to certain merchandise, including bedding and kitchen items. J.C. Penney and Martha Stewart counter that the deal between Macy’s and Martha Stewart is not exclusive.
J.C. Penney planned to sell bedding and other products designed by Martha Stewart, but under a different brand name. The struggling retailer, which just fired its chief executive officer, decided instead to keep these products off the shelves for the time being.
Macy’s lawsuit against J.C. Penney and Martha Stewart resumed this week after a hiatus of nearly a month while the parties tried to reach a mediated agreement.
J.C. Penney stock is up about 0.4% in premarket trading this morning, at $14.15 in a 52-week range of $13.55 to $36.89.
Macy’s shares are inactive, having closed yesterday up about 0.5%, at $44.56 in a 52-week range of $32.31 to $44.95.
Martha Stewart shares also are inactive, having closed yesterday up 4.3% at $2.42 in a 52-week range of $2.28 to $3.89.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.