JCPenney's plan to take a $38.5 million stake in Martha Stewart Living Omnimedia is "one of the first cards played in what will be a full hand of moves" by Chief Executive Ron Johnson, "to change the perception of the JCPenney brand," said Piper Jaffray retail analyst Jeff Klinefelter.
J.C. Penney is buying a minority stake in Martha Stewart Living Omnimedia for $38.5 million, the latest move by the department store to revive its brand.
Futures were hugging the flatline Wednesday as investors took a breather following to days of gains to see if EU officials could come up with a plan to deal with the region's debt crisis during a summit at the end of the week.
Some say big-business stars such as Oprah Winfrey, Martha Stewart, and Meg Whitman have not only broken the glass ceiling, they've made it irrelevant. Either way, they're certainty good role models.
Women are redefining success by leaving corporate America, working toward not only creating an acceptable work-life balance, but building a successful business.
This weekend, we celebrated America: Its rolling hills, its stars and stripes, and the entrepreneurial spirit that makes it tick.
Martha Stewart would not tell CNBC if Blackstone Group was hired to sell Martha Stewart Living Omnimedia or if she would take the company private.
Stocks ended modestly higher, snapping a three-day losing streak thanks to news that gasoline demand was stabilizing, and as investors shrugged off weak economic news.
Stocks pared gains just before the close, but remained on track to snap a three-day losing streak thanks to news that gasoline demand was stabilizing.
Stocks gained despite further evidence of weakening in the nation's manufacturing sector and continuing concerns over the euro zone debt crisis.
Stock index futures pointed to a lower open for Wall Street on Wednesday as concerns over the euro zone debt crisis and fears of a Greek default in particular weighed on sentiment.
Today all eyes are focused on Apple stock. CEO Steve Jobs is once again stepping away from the company for health reasons, with a slight difference this time as the leave of absence carries an ‘indefinite’ label.
Alain Ducasse, French celebrity chef, has launched a new iPhone and iPad application serving diners a more customizable taste of his haute gastronomy.
Want to bake some cookies, but need the help of Martha Stewart? Now there's an app for that.
More adults than ever before are planning to get dressed up this year, according to a National Retail Federation survey. Click to see some of the trendiest costumes for 2010.
At Advertising Week in New York, I heard a consistent rumble about the upheaval on Madison Avenue. From Chief Marketing Officers for major brands, to ad buyers, to ad agency execs themselves, everyone seemed to agree that the Advertising Agency business is being turned upside down.
It's a big day for cable television — Martha Stewart, a queen of broadcast syndication, is moving to cable, kicking off a partnership with the Hallmark Channel. In a new five-year deal Stewart's signature show and other Martha Stewart Omnimedia programming will run on Hallmark Channel from 10 am to 6 pm. This speaks volumes about the business model for a brand like Stewart, and the changing television landscape.
The strategy at Martha Stewart was to "trade in 1200 mediocre environments for over 6000 of the best managed retailers in the country," such as Home Depot and Petsmart —"our products speak to that," Exec Chairman said.
What follows is a roundup of corporate earnings reports for Wednesday, July 28.
A key sign of relief for the struggling magazine industry: monthly ad sales for August magazines jumped 10 percent. Media Industry Newsletter just reported this jump in ad pages at monthly magazines — the first month of 10 percent year-over-year growth in nearly six years.