Macy’s and Martha Stewart Living Omnimedia say they have settled a breach-of-contract lawsuit involving J.C. Penney.
But Macy’s said the settlement does not impact its lawsuit against J.C. Penney Co., which is ongoing.
Macy’s and Martha Stewart Living Omnimedia said Thursday that their settlement terms are confidential and not material to their businesses.
Macy’s has had an exclusive merchandising contract with Martha Stewart since 2006. Stewart’s company and Penney signed a merchandising deal in December 2011 to develop mini Martha Stewart shops. That prompted Macy’s to sue both companies for violating its exclusive agreement with Martha Stewart.