“(CBS/AP) NEW YORK – Macy’s Inc. (M) is suing rival retailer J.C. Penney Co. (JCP), claiming Penney’s bid to sell products by Martha Stewart Living is a breach of an exclusive contract held by Macy’s and could cost it potentially billions in sales.
In the complaint filed Thursday in the Supreme Court of the State of New York, Macy’s claims that J.C. Penney entered into an unlawful contract with Martha Stewart Living to sell some of its home products at its stores starting next February.”
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