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Macy’s CEO takes stand in Macy’s-Martha Stewart case
New York -- Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between J.C. Penney Co. and Martha Stewart Living Omnimedia Inc. The long-awaited trial began last Wednesday, in New York Supreme Court.
The trial is about whether Macy’s has the exclusive right to sell Martha Stewart branded cookware, bedding and certain other products.
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Overstock.com names co-presidents
Salt Lake City -- Overstock.com said Friday it has named Stormy Simon and David Nielsen as co-presidents of the company.
Simon was previously SVP over customer and partner care and, with the promotion, will add oversight of warehouse logistics, press relations, social media and strategic marketing.
Nielsen, promoted from SVP merchandising and supply chain, will add oversight of international sales, talent management and information technology.