At Kmart, Martha Stewart sales down, royalties up

New York – Driven by contractual minimum royalty guarantees, Kmart paid Martha Stewart Living Omnimedia (MSLO) $28.0 million in the fourth quarter of 2005, up from $23.7 in the same period a year ago. Sales of Martha Stewart Everyday products, however, “declined modestly in the quarter, with weakness in soft home partially offset by sales related to our recently introduced furniture line – Everyday Rooms,” the company said in its earnings release.

For the full year, MSLO merchandising royalty revenue reached $55.8 million, up 4.6%. Operating income from the division was $40.1 million, up 8.1%. This licensing venture was the only profitable unit of the four MSLO divisions in 2005; the other segments are publishing, broadcasting and internet/direct commerce.

Susan Lyne, president and ceo, noted that in contrast to the full year, the fourth quarter results “show meaningful improvement in all areas of our business.”

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!