PENNEY SUED: Macy’s Inc. has sued rival retailer J.C. Penney Co., in a bid to block Penney from selling products by Martha Stewart Living. Macy’s claims it has an exclusive contract to sell certain types of products from Martha Stewart Living that makes a sales agreement struck last fall between Penney and Martha Stewart Living illegal.
COMPETITIVE ADVANTAGE: Macy’s claims Penny seeks to destroy the competitive advantage Macy’s has under its exclusive sales deal with Martha Stewart Living.
NO BREACH: Martha Stewart Living has said it does not think its agreement with Macy’s was breached.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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