Martha K-sales down, royalties up.(Martha Stewart Living Omnimedia Inc.)(Kmart Holding Corp.)(Brief Article)
Home Textiles Today, March, 2006
Kmart paid Martha Stewart Living Omnimedia (MSLO) $28.0 million in the fourth quarter of 2005, up from $23.7 million in the same period a year ago--even while sales of Martha Stewart Everyday products "declined modestly in the quarter, with weakness in soft home partially offset by sales related to our recently introduced furniture line--Everyday Rooms," MSLO said.
The payout was driven by contractual minimum royalty guarantees.
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