Business Services Industry
Kmart Reports Rise in Sales for Martha Stewart's Homewares Products.
Knight Ridder/Tribune Business News, November, 2002
Evening Standard, London Knight Ridder/Tribune Business News
Nov. 19--Martha Stewart, the US domestic style guru facing allegations of insider trading, has finally received some good news -- but even that has a sting in the tail.
Discount chain Kmart says sales of her homewares products are higher than a year ago but because Kmart is battling to free itself from Chapter 11 bankruptcy protection, royalties paid to Stewart will be held to a contractual minimum.
Kmart sells linen, pots, pans and other household items under the Martha Stewart Everyday brand. "The product is actually doing better than last year on a per-store basis," said Kmart chief executive James Adamson. "We were very encouraged that people are separating Martha...
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