UPDATE: Macy's, Martha Stewart Living Omnimedia Settle Legal Dispute

Macy's, Inc. M today issued the following statement: “Macy's has resolved its breach-of-contract lawsuit against Martha Stewart Living Omnimedia MSO. 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.”