Martha Stewart, JCPenney scale back agreement
Home Textiles Today Staff -- Home Accents Today, 10/24/2013 11:03:52 AM
In what appears to be a victory for Macy's, Martha Stewart Living Omnimedia and JCPenney this week announced they have reworked the parameters of their licensing and design arrangement.
MSLO will continue to design branded projects for JCPenney in window treatments, window hardware, lighting, rugs, holiday and "Celebrations" - largely paper party goods. Dropped are categories such as bedding, bath, kitchenware, cookware and tabletop - all of which Macy's claims as exclusives under its contract with Omnimedia.
In a recent report on the status of Macy's lawsuit against MSLO in the matter, the New York Times reported the judge in the case had ordered the parties once again to resolve the dispute themselves. Wednesday's announcement seems to be the end result.
The original Martha/Penney agreement, struck in December 2011, laid the foundation for a 20,000-sq.-ft. Martha Stewart shop to anchor Penney's redesigned home floor. The Macy's lawsuit altered those plans, and the revised agreement basically covers the categories JCPenney is already producing under the Stewart brand.
Penney will return the 11 million shares of MSLO Class A Common stock it owns and will no longer have representation on Omnimedia's board of directors, according to the announcement.
The "victory for Macy's" and the "end result" on Macy's terms were coerced by the judge's abuse of judicial powers. With his pervasive bias for Macy's, the judge also abused his judicial powers by providing cover for JC Penney to breach and renege on its contract with Martha Stewart Living Omnimedia with no consequences.
gchu - 2013-10-26 00:21:00 EDT
After imposing a preliminary injunction for Macy's benefit, the judge "ordered the parties once again to resolve the dispute themselves" The defiant refusal of this judge of diversity to make a timely, fair decision in the case, which he willfully protracted to coerce a settlement or outcome on Macy's terms, reflects conduct demanding his removal as a judge by the Commission on Judicial Conduct.
Macy's had no "exclusives" co-existing with K-Mart. The "victory for Macy's" slashed consumer choice, destroyed jobs for Americans and repudiated the free market economy. Consumer response should be a boycott of Macy's and JC Penney except for the Martha Stewart brand.
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