OPERATIONS

J.C. Penney to leave Martha Stewart label off certain lines

BY Katherine Boccaccio

New York — J.C. Penney will leave the Martha Stewart name off some of its upcoming décor and housewares lines despite the pair’s multi-million dollar partnership, according to a Tuesday report by the New York Post.

Citing unnamed sources, The Post said that while the Martha Stewart name will appear on window treatments, the brand will be mostly missing from key categories such as bedding, linens and kitchenware.

Macy’s pending lawsuit challenging the Martha Stewart Living Omnimedia’s 10-year, $200 million licensing deal with J.C. Penney – which charges that the deal violates Macy’s own distribution rights with Stewart — has given J.C. Penney pause. The case has a Feb. 19 trial date in Manhattan before New York state Judge Jeffrey Oing, who last year issued a preliminary injunction against Martha Stewart from taking any steps toward making, marketing or selling the exclusive line for J.C. Penney.

Earlier in January, Martha Stewart officials said they and J.C. Penney are still targeting a spring launch, although it has been delayed from February to May, said the report.

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williamson says:
Apr-15-2013 06:37 am

Macy’s pending lawsuit
Macy’s pending lawsuit challenging the Martha Stewart Living Omnimedia’s 10-year, $200 million licensing deal with J.C. Penney – which charges that the deal violates Macy’s own distribution rights with Stewart -- has given J.C. Penney pause. The case has a Feb. 19 trial date in Manhattan before New York state Judge Jeffrey Oing, who last year issued a preliminary injunction against Martha Stewart from taking any steps toward making, marketing or selling the exclusive line for J.C. Penney.babul-ilm

williamson says:
Apr-15-2013 06:37 am

Macy’s pending lawsuit challenging the Martha Stewart Living Omnimedia’s 10-year, $200 million licensing deal with J.C. Penney – which charges that the deal violates Macy’s own distribution rights with Stewart -- has given J.C. Penney pause. The case has a Feb. 19 trial date in Manhattan before New York state Judge Jeffrey Oing, who last year issued a preliminary injunction against Martha Stewart from taking any steps toward making, marketing or selling the exclusive line for J.C. Penney.babul-ilm

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OPERATIONS

ECOtality and Sears expand relationship with EVCs in two added states

BY Katherine Boccaccio

San Francisco — ECOtality said Tuesday that it has expanded its current relationship with Sears Holdings Corp. by unveiling the Blink Direct Current Fast Charger stations at Sears stores in Tennessee and Arizona.

The stations enable Sears customers to charge an electric vehicle battery up to 80% capacity in less than 30 minutes.

As part of The EV Project, ECOtality said it worked closely with Sears during the site selection process, evaluating store traffic, EV density and availability of the DC stations. Currently, five fast-charging sites have been installed and the pair said there is opportunity to expand to additional Sears stores.

In addition to the fast chargers, Sears Holdings has implemented level 2 charging stations at 12 additional Sears stores.

"We are delighted to see that the EV Charging stations are already offering a valuable service to our customers, communities and associates, and we are excited to see how many hours charging we can achieve in 2013," said Rajan Penkar, SVP and president supply chain, Sears Holdings.

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FINANCE

Bob Evans to sell off 145-unit Mimi’s Café for $50 million

BY Katherine Boccaccio

Columbus, Ohio– Bob Evans Farms said Tuesday it will divest its Mimi’s Café restaurant chain, selling it to LeDuff America – owner of Bruegger’s Bagels – for $50 million.

LeDuff America, a subsidiary of French bakery conglomerate Groupe LeDuff SA, will add the 145 Mimi’s units to its current portfolio of café-bakeries and coffee shops, including La Madeleine Country French Cafe, Brioche Doree, Bruegger’s Bagels, Timothy’s Coffee and Michel’s Baguette.

"This transaction is a positive development for Bob Evans as well as for Mimi’s Café,” said Bob Evans chairman and CEO Steve Davis. “After closing the sale, Bob Evans will have reset itself to better focus efforts and investments on achieving our long-term commitment to grow earnings per share 8% to 12% annually.”

Davis said the company will work to continue growth initiatives at Bob Evans Restaurants, such as the Farm Fresh Refresh remodeling program and geographic expansion through new restaurant openings.

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