Ask the Times
By Times Wires
Published March 1, 2008
Now that Martha Stewart has teamed with Macy's, how many more years will she be obligated to Kmart with her name and designs?
Martha Stewart Living has a contract with Kmart through December 2009. The company sells about $1-billion worth of merchandise at Kmart stores yearly. Martha Stewart Living also has a guarantee of yearly minimum royalties from Kmart; the minimum for 2008 is $20-million. In September 2007, Macy's released its Martha Stewart Collection of home products that is being sold exclusively in its stores and on macys.com. Her future with Kmart is undetermined.
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