Martha Stewart Move To JC Penney A Shock, Macy's Exec Says

Law360, New York (February 21, 2013, 7:02 PM EST) -- A top Macy's Inc.'s executive who helped negotiate the retailer's contract with Martha Stewart testified during a New York state court trial Thursday that he was "ticked off" when he found out that the TV personality had inked a similar deal with Macy's rival J.C. Penney Co. Inc.

Leonard Marcus, the president and COO of Macy's private brand subsidiary Macy's Merchandising Group Inc., told Judge Jeffrey K. Oing during a bench trial that he was shocked by Martha Stewart's December 2011 announcement that she'd be selling...
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