Macy's Chief Executive Terry Lundgren said he was shocked when Martha Stewart told him in 2011 that she was starting a new alliance with rival J.C. Penney.
JC Penney and Macy's head to court to battle over the legal rights to sell Martha Stewart brands, reports CNBC's Courtney Reagan.
Macy's CEO Terry Lundgren is scheduled to testify in New York State Supreme Court on Monday in a trial that pits the department store chain against rival J.C. Penney over a partnership with home diva Martha Stewart.
JC Penny and Macy's are going head to head today at the New York Supreme Court over whether Martha Stewart's contract with Macy's prevents JC Penney from selling Martha Stewart Living Omnimedia products in certain categories, reports CNBC's Courtney Reagan.
Retail giants Macy's and JC Penney are heading to court in New York today over the right to sell Martha Stewart home products, reports CNBC's Courtney Reagan.
"We have an extensive line of products coming to JC Penney starting in March," said Martha Stewart, Martha Stewart Living Omnimedia founder, discussing the challenges and successes facing her business empire.
Some of the names on the move ahead of the open.
Market musings with CNBC Market Guru Robert Hum.
--Abiomed Inc rescheduled second-quarter conference call to Nov. 1 at 8 am Eastern Time. --Accelrys Inc rescheduled third-quarter results to Oct. 31, after market. Its conference call will be held on Nov. 1, 9.30 am Eastern Time.
--Acorda Therapeutics Inc: rescheduled third-quarter financial results and conference call to Oct. 31 from Oct. 30. --Advent Software Inc reschedules third-quarter results and conference call to Oct. 30. --AGCO Corp rescheduled third-quarter results to Oct 31, 8 am Eastern Time from Oct. 30.
--Martha Stewart Living Omnimedia Inc rescheduled third-quarter results to Nov. 1 from Oct. 30. --Vertex Pharmaceuticals Inc rescheduled third-quarter 2012 earnings and conference call to after markets close on Nov. 1 from Oct. 29. --The McGraw-Hill Companies Inc rescheduled third-quarter earnings and conference call to Nov. 2 from Oct. 31.
Martha Stewart, founder of Martha Stewart Living Omnimedia, joins CNBC's Sue Herera to discuss the first "American Made Awards" at Grand Central in New York City that aims to recognize and encourage the next generation of American-made entrepreneurs and business leaders. Bob Pittman, CC Media Holdings CEO, offers insight.
CNBC's Courtney Reagan has the details on Martha Stewart's deal with office supply store Staples.
J.C. Penney's new pricing strategy is "the first key step in the transformation" of the retailer, CEO Ron Johnson told CNBC Wednesday.
Macy's is suing Martha Stewart Living Omnimedia for breach of contract by agreeing to sell certain products through J.C. Penney that Macy's considered exclusive.
Since Ron Johnson joined JCPenney, the stock has received a free pass. JCP shares are actually up 11 percent despite continuing disappointments. But after all, if anyone can revive a tired retailer, the man who created the Apple retail experience should be the one.
Martha Stewart Living Omnimedia stock dipped more than 4% earlier today on reports that Martha Stewart's flagship show on Hallmark Channel will end this year. And she's not alone, reports CNBC's Julia Boorstin.
A flood created a crisis for a small Chicago service company called Pulling Down the Moon: How to continue serving 200 patients.
Stocks spiked in the final minutes of trading Wednesday following a report that the G20 is considering a $600 billion IMF lending program to euro zone, but came off their highs after the IMF denied the report. Investors were also closely waiting for the key EU summit at the end of the week.
Developments in retail are coming at a fast and furious pace. What must you know about JCPenney and Talbots and how should you trade the changes?