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Martha Stewart denies wrongdoing in Penney deal

March 5, 2013 • Business, National News


Martha Stewart arrives to court in New York, Tuesday, March 5, 2013. Macy’s Inc. is suing the media and merchandising company Stewart founded for breaching an exclusive contract when she signed a deal with J.C. Penney in December 2011 to open shops at most of its stores this spring.(AP Photo/Seth Wenig)

NEW YORK (AP) — Home decor and food guru Martha Stewart testified in court on Tuesday that she did nothing wrong when she signed an agreement to open shops within most of J.C. Penney’s stores across the country.

Stewart testified in New York State Supreme Court in a trial over whether the company she founded breached its contract to sell cookware, bedding and other items exclusively at Macy’s when she inked the deal with Penney.

Stewart’s appearance, which followed a lineup of other top brass including the CEOs of both Macy’s Inc. and J.C. Penney Co., attracted a lot of attention from the media. So much so that the judge opened up the jury box to make room for the expanded audience, and spectators had to wait behind a roped line to enter the courtroom.

During four hours of testimony, Stewart, who founded Martha Stewart Living Omnimedia Inc., denied Macy’s allegations that she did anything unethical and said she was only looking to expand her brand.

Stewart said it’s Macy’s that didn’t uphold its end of the agreement to try to maximize the potential of her business. She said her brand had grown to about $300 million at Macy’s, but the business was now “static” at the department store chain. She said she had hoped the business would Login to read more

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