Martha Stewart Living Omnimedia Inc said it had settled a legal dispute with retailer Macy's Inc over exclusive rights to its home products. Terms of the settlement were not disclosed.Macy's sued J.C. Penney Co Inc and Martha Stewart after the two announced a partnership in December 2011.Macy's said Martha Stewart's contract with Penney breached their agreement that included exclusive rights to Martha Stewart-branded cookware, bedding and bath products.
Macy?s, Inc. (Macy?s) is a retail organization operating stores and Internet Websites under two brands (Macy's and Bloomingdale's) that sell a range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico. Shares of M fell by 0.5% or $-0.27/share to $53.40. In the past year, the shares have traded as low as $36.35 and as high as $54.07. On average, 4751240 shares of M exchange hands on a given day and today's volume is recorded at 2547045.
Martha Stewart Living Omnimedia, Inc. (MSO) is an integrated media and merchandising company providing consumers with lifestyle content and products. Shares of MSO fell by 2.33% or $-0.1/share to $4.20. In the past year, the shares have traded as low as $2.20 and as high as $4.47. On average, 319205 shares of MSO exchange hands on a given day and today's volume is recorded at 406992.
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