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A Big Apple backstep for Walmart
A vocal minority continues to keeps Walmart at bay in New York where reports this week indicated the company has pulled back on expansion efforts there.
Walmart’s efforts in New York have been a series of fits and starts so to whatever degree the company has pulled back, don’t expect it to last. Walmart will be back and there waiting for it will be those ideologically opposed to anything Walmart does.
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Judge orders Macy’s, Penney, Martha Stewart into mediation
New York -- After nearly three weeks of testimony, a New York State Supreme Court Judge ordered Macy's, J.C. Penney Co. and Martha Stewart Living Omnimedia into mediation to try and reach a settlement in their contract dispute trial.
If the three companies do not reach an agreement before April 8, the judge will resume hearing the case.
In another development in the ongoing dispute, Penney agreed not to sell certain Martha Stewart-designed goods (products deemed exclusive to Macy’s) until at least April 8.