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SWEET HEADING TOOTH OVERSEAS PARIS IS SEEING CHICO’S IS TAKING ITS A BOOM IN NOUVEAU PRINTS ON THE PASTRY SHOPS. ROAD, FIRST TO CANADA. PAGE 9 PAGE 4 RETAILERS’ LAWSUIT GOES ON Macy’s, Martha Settle Dispute Over Penney’s By VICKI M. YOUNG TERRY HAS MADE UP with Martha, at least busi- nesswise — but he is still mad at J. C. Penney Co. Inc. Macy’s Inc., led by chairman, president and chief executive offi cer Terry J. Lundgren, has settled its FRIDAY, JANUARY 3, 2014 ■ $3.00 ■ WOMEN’S WEAR DAILY breach-of-contract lawsuit against Martha Stewart Living Omnimedia Inc., but its claim against Penney’s WWD remains subject to a decision by Manhattan state court judge Jeffrey Oing. Macy’s said: “Macy’s has resolved its breach-of-con- tract lawsuit against Martha Stewart Living Omnimedia. We are pleased to be able to put this matter behind us. The terms of our settlement are confi dential, 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.” MSLO essentially said the same thing in its state- ment, also noting that the terms of the agreement are not deemed material to it. Macy’s added that the settlement has no effect on its outstanding claim against Penney’s. The court still has to rule on its claim, as well as assess damages. Neither Macy’s nor MSLO provided any additional comment.
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