Macy's/Martha trail set for February
HTT Staff -- Home Textiles Today, 1/4/2013 1:11:50 PM
New York - Macy's attempt to prevent several categories of Martha Stewart-branded merchandise from being offered at JCPenney will get a hearing in New York state court in Manhattan next month.
According to several news reports, Judge Jeffrey Oing informed the disputing parties yesterday there will be no damages awarded.
Damages would "pale in comparison to the injunction," Oing said during a hearing. "That's the real big bucks there - if I stop this deal," Bloomberg News reported.
After JCPenney and Martha Stewart Living Omnimedia announced their agreement in December 2011 to create a multi-category Stewart home department, Macy's sued, asserting it holds an exclusive on several categories of home products. Macy's Martha Stewart Collection assortment includes bedding and bath as well as hard goods.
JCPenney's new home department - which is scheduled to debut this spring - was to be anchored by the Stewart shop.
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