Macy’s and Martha Stewart Living Omnimedia Settle Legal Dispute

  Macy’s and Martha Stewart Living Omnimedia Settle Legal Dispute

Business Wire

CINCINNATI -- January 2, 2014

Macy’s, Inc. (NYSE:M) today issued the following statement:

“Macy's has resolved its breach-of-contract lawsuit against Martha Stewart
Living Omnimedia. We are pleased to be able to put this matter behind us. The
terms of our settlement are confidential, will not be disclosed, and are not
deemed to be material to Macy’s. We can now return our focus to what we do
best – bringing beautifully designed, high quality, affordable products to
consumers nationwide. We look forward to a continued, successful partnership
together. This settlement does not affect Macy's outstanding claim against
J.C. Penney, which remains subject to the court's decision.”

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the
nation’s premier retailers, with fiscal 2012 sales of $27.7 billion. The
company operates about 840 department stores in 45 states, the District of
Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s,
as well as the macys.com and bloomingdales.com websites. The company also
operates 13 Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated
by Al Tayer Group LLC under a license agreement.

All statements in this press release that are not statements of historical
fact are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are based upon the
current beliefs and expectations of Macy’s management and are subject to
significant risks and uncertainties. Actual results could differ materially
from those expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including conditions to, or
changes in the timing of, proposed transactions, prevailing interest rates and
non-recurring charges, competitive pressures from specialty stores, general
merchandise stores, off-price and discount stores, manufacturers’ outlets, the
Internet, mail-order catalogs and television shopping and general consumer
spending levels, including the impact of the availability and level of
consumer debt, the effect of weather and other factors identified in documents
filed by the company with the Securities and Exchange Commission.

(Note: additional information on Macy’s, Inc., including past news releases,
is available at www.macysinc.com/pressroom)

Contact:

Macy’s, Inc.
Media - Jim Sluzewski, 513-579-7764
Investor – Matt Stautberg, 513-579-7780
 
Press spacebar to pause and continue. Press esc to stop.