{"id":29975,"date":"2012-08-18T11:57:54","date_gmt":"2012-08-18T15:57:54","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29975"},"modified":"2012-08-18T11:57:54","modified_gmt":"2012-08-18T15:57:54","slug":"video-macys-sues-j-c-penney","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/08\/18\/video-macys-sues-j-c-penney\/","title":{"rendered":"VIDEO: Macy&#8217;s Sues J.C. Penney"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v943a31ba4c4d8d2b4dfc1cb9aa5429e4ec5cc0d8&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v943a31ba4c4d8d2b4dfc1cb9aa5429e4ec5cc0d8&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Martha Stewart Living is making headlines as Macy&#8217;s Inc. moves forward with the lawsuit against rival retailer J.C. Penney Co. Macy&#8217;s filed the lawsuit on Thursday in the Supreme Court of the State of New York. The retail giant claims Penney&#8217;s bid to sell products by Martha Stewart Living resulted in a breach of contract held by Macy&#8217;s and could potentially cost the company a significant drop in sales. The lawsuit claims J.C. Penney entered into a contract with Martha Stewart Living that would allow them to sell the home products at its stores next February. This agreement represents a breach of contract since Macy&#8217;s already has a contract in place that allows them to exclusively sell the Martha Stewart line. Macy&#8217;s shares opened today at $38.56 and is trading flat so far. On the other hand, New York-based Martha Stewart Living Omnimedia is trading almost 2% lower to $3.06. For more market updates and analysis of the business world follow us on twitter @FNNOnline.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/18\/1_fp4l9b0y_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/18\/1_fp4l9b0y_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Martha Stewart Living is making headlines as Macy&#8217;s Inc. moves forward with the lawsuit against rival retailer J.C. Penney Co. Macy&#8217;s filed the lawsuit on Thursday in the Supreme Court of the State of New York. The retail giant claims Penney&#8217;s bid to sell products by Martha Stewart Living resulted in a breach of contract &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/08\/18\/video-macys-sues-j-c-penney\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VIDEO: Macy&#8217;s Sues J.C. Penney&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29975","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29975"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29975\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}