Macy's, Inc. M today issued the following statement:
“Macy's has resolved its breach-of-contract lawsuit against Martha Stewart
Living Omnimedia MSO. We are pleased to be able to put this matter behind us. The
terms of our settlement are confidential, will not be disclosed, and are not
deemed to be material to Macy's. We can now return our focus to what we do
best – bringing beautifully designed, high quality, affordable products to
consumers nationwide. We look forward to a continued, successful partnership
together. This settlement does not affect Macy's outstanding claim against
J.C. Penney, which remains subject to the court's decision.”
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