Martha Stewart revealed that her licensing deal with Kmart in the late 1990s generated up to $65 million annually in royalties. This substantial income funded the expansion of her media and retail empire, including her magazine and the eventual public offering of Martha Stewart Living Omnimedia. The "Martha Stewart Everyday" line, launched in 1997, achieved peak annual sales of nearly $2 billion and continued to be a significant revenue source even after Kmart's bankruptcy and Stewart's legal troubles, ultimately ending in 2010. AI
RANK_REASON Article discusses past business dealings and financial history of a public figure, not a current event.
- Floyd Hall
- Home Depot
- ImClone Systems
- Kmart
- Macy's
- Martha Stewart
- Martha Stewart Everyday
- Martha Stewart Living Omnimedia
- MasterClass
- Sears Holdings Corporation
- United States Food and Drug Administration
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