Macy's To Lose Big In Rival's Martha Stewart Deal, Judge Told

Law360, New York (February 28, 2013, 7:41 PM EST) -- Macy's Inc. stands to lose hundreds of millions of dollars in potential revenue if rival J.C. Penney Co. Inc. is allowed to sell certain Martha Stewart-branded homeware, Macy's financial expert told a New York state judge Thursday during a bench trial.

Bringing Martha Stewart products to J.C. Penney will erode Macy's prices and cost the retailer upwards of “nine figures” in lost sales, said Macy's witness Glenn C. Sheets of Stout Risius Ross Inc. The testimony he gave in a Manhattan courtroom offered a rare glimpse...
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