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Martha Stewart's Kmart deal generated $65M annually, funding her empire

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.

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Martha Stewart's Kmart deal generated $65M annually, funding her empire

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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Fernanda Tronco ·

    Martha Stewart says Kmart once paid her $65 million a year in royalties—enough to bankroll her entire empire

    Before "influencer" was a job title, Stewart turned a discount-store licensing deal into nearly $2 billion in annual sales. Then the ImClone scandal cost her about $1 billion.