By and  on February 2, 2012

NEW YORK — Macy’s Inc. said it is already being hurt by Martha Stewart Living Ominmedia Inc.’s deal with J.C. Penney Co. Inc., and that its sales of other brands could also suffer if Penney’s is allowed to carry through with its plan to set up Martha Stewart shop-in-shops.

“MSLO’s announcement of its deal with J.C. Penney…devalued the Martha Stewart products that Macy’s is currently selling, in ways that are not calculable,” Macy’s said in its breach of contract suit, which was filed last week and just released publicly in redacted form.

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