Macy’s settles legal dispute
Macy’s Inc. and Martha Stewart Living Omnimedia Inc. settled litigation over whether Martha Stewart breached a contract by selling certain goods at J.C. Penney Co.
Macy’s said Thursday the pact doesn’t affect its outstanding claim against J.C. Penney. Martha Stewart and Macy’s both said the terms of the settlement aren’t material to their businesses. Martha Stewart and Macy’s have been locked in a legal battle since January 2012 over whether Martha Stewart’s agreement to provide merchandise to J.C. Penney violated an earlier exclusivity contract. J.C. Penney said in October that it would roll back its agreement with Martha Stewart to stop making products in categories exclusive to Macy’s.