A top Macy's executive said Friday she was "shocked" to learn that Martha Stewart - and 10 members of Stewart's staff - were two-timing the department store.
They were designing home furnishings for Macy's and J.C. Penney at the same time.
"I just saw the list [of designers] last night. This was really a shock," said Laurene Gandolfo, executive vice president of Macy's Home Private Brands,
Macy's has been mixing it up in court with Martha Stewart - and now it's JCPenney's turn.
Macy's yesterday sued Penney to block the latter's recent licensing tie-up with Martha Stewart Living Omnimedia, as Macy's already has a long-term licensing deal with the domestic diva to distribute an exclusive line of home furnishings.
J.C. Penney Co. Chief Executive Officer Ron Johnson, reiterating that his turnaround of the department store chain will take four years, said he's sticking with his strategy for "everyday low prices."
"We do not believe in marking up goods beyond a fair profit, we will not mark things off 10, 15, 20 percent off, we do not do that type of business," Johnson said Wednesday at the Fortune Brainstorm Tech conference in Aspen, Colo. He cited the effectiveness of the strategy for Wal-Mart Stores Inc. and Starbucks Corp. and for goods such as gasoline.