Of most
crucial importance, of course, was the sale of her company. In June 2015,
Martha Stewart sold her company to Sequential Brands for a reported $353M. This
meant that Martha’s standalone, incorporated and publicly traded business,
which she founded in 1997, ceased to exist in its original form and would now be controlled by the
interests of a larger brand-management corporation. The sale had been rumoured
for several months prior to its effective date, with the move
of Martha’s magazine operations to Meredith Corporation a year prior signalling a seemingly inevitable transfer of ownership.
In November
2014, Martha announced that her magazines, Martha Stewart Living and Martha
Stewart Weddings, would be absorbed by Meredith Corp. This meant that the
magazines had effectively been sold to Meredith, a leader in lifestyle
publications, in order to keep them running. Martha Stewart Omnimedia simply
could no longer afford to keep them. Since Meredith and Sequential are
partners, business analysts surmised that Martha was looking to sell her entire
company, which had been reporting losses for numerous years, to Sequential Brands.
Under the
terms of the sale of the company to Sequential Brands, Martha Stewart herself
became a significant shareholder in a new public holding company that was set
up by Sequential Brands for Martha Stewart Living. She was also nominated to
serve on its board of directors and maintained her title as Chief Creative
Officer of the company.
After only
four years, however, Sequential sold Martha Stewart Living to another buyer,
Marquee Brands, for a reported $215M in June of 2019. Marquee, which also
controls BCBG MAXAZRIA, Body Glove and Ben Sherman, acquired most of Martha’s
licensing deals, including her merchandising line with Macy’s.
Later this
year, Martha Stewart Living will move to a 10,000 square foot space on West 57th
Street in Manhattan from its previous location at the Starrett Lehigh building
on West 26th Street. Marquee Brands main headquarters will also move
into the same building.
PUBLISHING:
As
mentioned above, the absorption of Martha’s magazines by Meredith Corporation in
2014 was the first step towards a larger divestiture plan for the Omnimedia business.
Martha Stewart Living and Martha Stewart Weddings transferred its operational
and editorial control to Meredith, which now oversees Martha’s magazine
business. The content and creative direction, while monitored by Meredith, is
still widely influenced by Martha Stewart and a small team of editors, writers
and designers who keep the brand aesthetic and core content areas alive in its
pages. Prior to moving to Meredith, Martha Stewart Living stopped publishing a
January and an August issue, replaced by a July/August issue and a
January/February issue, bringing its annual circulation from 12 issues a year
back to 10.
Martha
Stewart Weddings, too, closed its covers in June of 2018 after more than 20
years in print. An annual special issue Weddings magazine is still published,
however. Meanwhile, Martha Stewart Weddings also publishes quite a bit of original
content online at Marthastewartweddings.com.
Martha
Stewart Living magazine saw numerous editors take the helm over the last ten
years. It is currently run by editor-in-chief Elizabeth Graves, who worked at
Martha Stewart Weddings as its editor for many years prior, and before that at Blueprint. Gael Towey,
formerly the company’s chief creative officer, stepped down as editor-in-chief
in 2010 and was succeeded by Vanessa Holden who ran the magazine until May
2011. She was replaced by Pilar Guzman who was editor until July 2013. Eric
Pike, the company’s creative director at the time, took over as editor until
March 2016 when Elizabeth Graves succeeded him.
Gael Towey, Eric Pike, Lucinda Scala-Quinn (the magazine’s
executive editorial food director), craft editors Hannah Milman, Marcie
McGoldrick and Jodi Levine,Weddings editor Darcy Miller and collecting editor Fritz Karch, as well as numerous stylists, including Ayesha Patel, all left the
Martha Stewart Living family over the last ten years, although many of these
familiar names are still credited as contributors today.
Martha also published 26 books over the last ten years and
entered a new publishing partnership with Houghton Mifflin Harcourt in 2017,
famed textbook publishers, while still maintaining her partnership with
Clarkson Potter. For a full list of the books published over the last decade,
see below.
TELEVISION:
As with publishing, the television segment of Martha Stewart
Living also underwent some drastic pruning measures. But new growth was also
evident.
In September 2010, Martha and then-Chairman Charles
Koppelman signed a new television partnership with The Hallmark Channel. Included
in the deal was the promise of new Martha Stewart programming as well as the
airing of her popular live television show, “The Martha Stewart Show”, which
was formerly syndicated to US cable networks. Among the exclusive new programs
was a new baking series called “Martha Bakes”, which was initially filmed at
Martha’s home in Bedford. Another program starring Martha Stewart’s editorial
director of food at the time, Lucinda Scala Quinn, called “Mad Hungry” was also
piloted, as was a talk show featuring Martha’s daughter Alexis Stewart and her
friend Jennifer Koppelman-Hutt called “Whatever.”
Martha is pictured with Bill Abbott (left) President and CEO of Crown Media Family Networks, the parent company of the Hallmark Channel, and Charles Koppelman (right), former Chairman of MSLO.
Martha’s long-time pet expert, Marc Morrone, also got a television
show called “Petkeeping”, and a new cartoon was developed called “Martha &
Friends”. There were original Martha Stewart holiday specials, too, for
Halloween, Thanksgiving and Christmas, as well an interview program called
“Martha Stewart Presents” in which Martha interviewed inspirational figures and
business leaders. Martha’s old programs, such as “From Martha’s Kitchen” and
“From Martha’s Garden” would also have a home on Hallmark, creating a five-hour
block of Martha Stewart programming each day.
The deal was fraught with problems from the beginning,
however. Many people who watched Martha on cable would not (or could not) subscribe
to The Hallmark Channel. Conversely, many people who subscribed to Hallmark
were not necessarily keen on a wall of back-to-back Martha Stewart programs.
The friction in her audience was evident and the deal lasted only two years. In
2012, The Hallmark Channel dropped all Martha Stewart programs. That same year,
the Emmy-winning “Martha Stewart Show” ceased production after seven years on
the air. The lease for the Chelsea Studios where “The Martha Stewart Show” was
filmed was not renewed and the set for the program was dismantled and moved to
Martha’s main headquarters for future use.
What followed was a quieter return to Martha’s television origins
on PBS. Martha developed a new show called “Martha Stewart’s Cooking School”
(based on her bestselling cookbook of the same name) which premiered on PBS in September 2012. In January 2013 “Martha Bakes”
(originally produced for Hallmark in 2011) also joined the PBS family. “Cooking
School” has produced five excellent seasons so far and has won two James Beard
Awards in the process. “Martha Bakes” has produced 11 seasons on PBS to date
and is the most popular cooking series on the public broadcaster’s current roster
of cooking shows.
In a somewhat surprising move, and certainly one that got
people talking, Martha partnered with one of her favourite television guests,
rapper Snoop Dogg, to cohost a new program called “Martha & Snoop’s Potluck
Dinner Party” which debuted on VH1 in 2016. The irreverent program with its
unlikely hosts is ostensibly a cooking show in the guise of a comedic talk
show: guests from the music industry and from television come for a potluck dinner
party and cocktails on set with plenty of banter and conversation. The yin-and-yang
pairing of Martha and Snoop produces some very candid and funny moments! The
program was renewed for a third season and was nominated for an Emmy.
The most exciting news for long-time fans of Martha’s
television programs was the announcement in 2018 of a new Martha Stewart TV app developed by
Martha that would carry all the Martha Stewart Living television programs, season
to season, episode by episode. With a $65 annual subscription rate, users can
access thousands of hours of Martha Stewart television, including episodes of The
Martha Stewart Show, from any mobile device. Casting features enable the user
to watch the programs on large television screens. Having all of Martha’s television
episodes in one app? It’s a Good Thing!
MERCHANDISING:
The last ten years in Martha’s merchandising business were busy
indeed! Numerous partnerships and new product expansions brought the Martha
Stewart brand into the world of home goods in a big way. Some of the
partnerships were lasting and continue to be fruitful to this day while others were short-lived.
In 2010, after the expiration of her Kmart partnership, Martha
launched three new product lines with three different retailers. The first was
a line of pet care supplies designed by the Martha Stewart team exclusively for
PetSmart stores in the USA and Canada. Pet toys, collars, leashes, grooming
accessories, food bowls and even Halloween costumes were offered. Martha’s pet
products are no longer sold at PetSmart but can be sourced through Amazon.
Later that same year Martha announced two major deals with
The Home Depot and its subsidiary company, Home Decorators, to bring a new line
of paints and home products to the big-box retailer and its Home Decorators
catalog. Martha Stewart Living paints came in a vast palette of colours and finishes
while outdoor furniture sets, gardening tools, cleaning products and storage
supplies were also on offer at Home Depot stores in the USA and Canada. There
were also holiday collections that included outdoor Christmas lights and indoor
Christmas tree decorations, wreaths and more. Home Decorators, meanwhile,
offered a full range of Martha Stewart rugs, occasional furniture, craft
furniture, office furniture and laundry accessories.
While the paint line was discontinued in 2012, one of the
most successful offerings was the Martha Stewart Living line of kitchens at The
Home Depot. Consumers could customize their kitchens using cabinetry and
counters designed by Martha’s teams. With an emphasis on storage, decorative
details and finishes, the line was extremely popular. This was followed up with
a bathroom collection in 2017.
In July of 2011 Martha announced a new furniture product
line called “Martha Stewart Fine Furniture”. Her partnership with Bernhardt,
which produced the “Martha Stewart Signature” line of furniture, had expired and
a new partnership with ML Brands International (Miles Talbott Furniture and Lefa) was forged. Sofas,
coffee tables, armchairs, end tables and armoires were all prototyped and the
line debuted at Highpoint in North Carolina in 2013. However, the line never made
it to market, and it was never manufactured beyond prototype.
In 2012 Martha launched a new line of home-office products
called “Martha Stewart Home Office”, partnering with Avery as the manufacturer
and Staples as the exclusive distributor in the USA and Canada. The line
included binders, folders, labels, stickers and other home-office and
organization products designed in specialty Martha Stewart colours and styles.
The line was discontinued in 2014 but was resurrected in 2016 under a new name,
“Martha Stewart Office” with newly designed products, manufactured and
distributed by Staples in the United States; the products were no longer
available in Canadian stores.
In 2013 some rather exciting news surfaced about an entirely
new Martha Stewart home collection that was set to debut at JC Penney stores.
The line had four different components to it: “Martha Home” (decorative
accessories), “Martha Celebrations” (holiday and entertaining supplies), “Martha
Pantry” (food items) and “Martha Lighting” (lamps and shades). The idea was to
create full Martha boutiques within JC Penney department stores that would
offer these Martha Stewart products.
The deal never really came to full fruition
since Macy’s took issue with the JC Penney partnership, saying it violated the terms of
its deal with Martha as the exclusive carrier of Martha Stewart home and kitchen products. Macy’s took Martha Stewart Living and JC Penney to court
with a lawsuit after arbitration between the three parties failed. While many
of the JC Penney products developed by Martha did filter into their stores, the
full realization of the concept was never brought to bear. In 2014 the dispute
was resolved with Macy’s emerging as the victor. The JC Penney line was
discontinued and the “Martha Stewart Collection” continues to be sold at Macy’s
to this day.
Martha made her first forays into the food and service industry in 2015 with the launch of her first branded café. “The Martha Stewart Café” opened in the lobby of the Starrett Lehigh building, which houses Martha’s headquarters, in March of that year. It sold Martha-branded coffees, teas and pastries sourced from her favourite New York suppliers. Other Martha Stewart Cafés were later opened at select Macy’s stores around the country. All locations of the Martha Stewart Cafe have since closed, however Martha's coffee and tea blends can be sourced on Amazon.
Martha made her first forays into the food and service industry in 2015 with the launch of her first branded café. “The Martha Stewart Café” opened in the lobby of the Starrett Lehigh building, which houses Martha’s headquarters, in March of that year. It sold Martha-branded coffees, teas and pastries sourced from her favourite New York suppliers. Other Martha Stewart Cafés were later opened at select Macy’s stores around the country. All locations of the Martha Stewart Cafe have since closed, however Martha's coffee and tea blends can be sourced on Amazon.
The coffees were all produced in partnership with Barrie House Coffee Roasters,
a New York based company founded in 1934. All of Martha's coffees are
Certified USDA Organic (grown without pesticides or herbicides and
harvested in a sustainable way) and are certified Fair Trade, meaning
the farmers who grow and harvest the beans are not exploited.
The following year, her exploration of the food business continued with the announcement of a new meal-delivery service with Marley Spoon. “Martha + Marley Spoon” launched in June 2016 with a line of mail-order meal kits, specially curated by Martha and one of her food editors, Jennifer Aaronson. The kits included ingredients sourced from Martha-approved farms and suppliers with recipes developed by the food editors at Martha Stewart Living magazine.
The following year, her exploration of the food business continued with the announcement of a new meal-delivery service with Marley Spoon. “Martha + Marley Spoon” launched in June 2016 with a line of mail-order meal kits, specially curated by Martha and one of her food editors, Jennifer Aaronson. The kits included ingredients sourced from Martha-approved farms and suppliers with recipes developed by the food editors at Martha Stewart Living magazine.
In 2017, Martha expanded the delivery-service model to
include wine. The “Martha Stewart Wine Company” was formed, offering wine
delivery to consumers across the United States. Each of the wines available
through the service is sourced from American, Italian, Spanish, Australian,
Chilean or French wineries and is personally selected by Martha, often arranged
into complementary sets with recipe cards for food accompaniment and cocktail
suggestions. Winemakers working with Martha in this venture include Bruno
Lafon, Castellani and Georges Vigouroux, among others.
That same year Martha took QVC by storm with a huge launch
of new product lines made exclusively for the online and television retailer.
Among the new offerings was Martha’s first line of apparel! Clothing designed
by Martha and a team of stylists to reflect Martha’s own personal style included
jeans, jackets, tops, sweaters and outerwear. Other Martha product lines for
QVC were created, including a vast array of gardening supplies and accessories,
many of which were inspired by Martha’s own personal collections. There are
holiday collections with decorations for Halloween, Thanksgiving, Christmas and
Easter as well as gourmet food items.
Martha’s long-time partnership with Macy’s (the MarthaStewart Collection) is still intact and remains robust. A 2018 deal with Amazon brought many Martha
Stewart products (including her wide assortment of craft products) under one umbrella through its online “Store” format: Martha’s
pet products, books, food items, garden supplies, rugs and many other items bearing the Martha Stewart name
can now be sourced through Amazon.com. Martha’s first ever appliance, The
Everything Pressure Cooker, first offered in 2018, can also be sourced through
Amazon. Canadians can source some of Martha's home products at Wayfair.ca and at HomeSense stores.
ONLINE AND SOCIAL MEDIA:
With the advent of Instagram and the proliferation of Facebook
and social media in the last decade, Martha was quick to adopt these new
methods of communication. Martha joined Twitter, Pinterest, Instagram and
Facebook, using these tools to leverage content and advertising. Martha was one
of the first proponents of Facebook Live, using the service to host hour-long how-to
cooking and crafting demonstrations and product reveals.
Meanwhile, Martha’s presence online continues to be popular.
Martha’s personal blog, which is primarily read by her core fan base, offers
insight into her personal world with photographs of her homes, gardens and
travels. Marthastewart.com and Marthastewartweddings.com continue to be good
sources of advertising revenue for the company, publishing new content not
available elsewhere, such as instructional video segments hosted by members of
Martha’s team, including Thomas Joseph who hosts the very popular “Kitchen
Conundrums”. Both sites underwent subtle design and navigation changes in the
last decade to become more streamlined in their presentation, and hence more
user friendly. The return of the “Shop” link on Marthastewart.com (not seen
since the closure of Martha by Mail) now provides easy access to most
of Martha’s wares.
MARTHA STEWART LIVING TODAY
With such a long and winding trajectory, simplifying
Martha’s journey and highlighting the main features of her ventures is, perhaps, the best
way to grasp it all. To help further summarize the
decade in review, I’ve created a list below of dates divided by subject and
category for a more immediate look at the events that transpired at Martha
Stewart Living over the last decade.
To briefly assess the state of Martha’s company in its
current form, here is a list of notes defining the main features of her
business:
- · The Martha Stewart Living company is currently owned and operated by Marquee Brands. MSLO is no longer a public company.
- · Martha Stewart Living magazine is currently the only magazine being published under the Martha Stewart label. (A special issue of Martha Stewart Weddings is published annually.)
- · Martha’s magazine operations are controlled by Meredith Corporation.
- · Martha currently has television programs on PBS (Martha Bakes and Martha Stewart’s Cooking School) as well as on VH1 (Martha & Snoop’s Potluck Dinner Party)
- · Martha recently published her 96th book, Martha Stewart’s Organizing
- · Book publishing partnerships include Clarkson Potter and Houghton Mifflin Harcourt
- · Martha’s current merchandizing partners include Macy’s (The Martha Stewart Collection), Michael's (Martha Stewart Crafts), Staples (Martha Stewart Office), The Home Depot and Home Decorators (Martha Stewart Living kitchens, bathrooms, home products) QVC (apparel and home collections), Marley Spoon (meal kit delivery service), Aerosoles (footwear), Safavieh (rugs and carpets), BloomsyBox (flower delivery), Martha Stewart Wine Co. (Bruno Lafon, Castellani, Georges Vigouroux) Martha Stewart Café (coffees and teas) Amazon (pet products, garden supplies, home goods) HomeGoods and HomeSense (holiday collections, food items) Wayfair (furniture, rugs, home accessories)
THE DECADE IN REVIEW, POINT BY POINT
Corporate
Governance:
July 2011 -
Charles Koppelman steps down as President/CEO
July 2012 -
Lisa Gersh assumes the CEO/President role, steps down after only five months in
the role
October
2013 - Daniel Dienst becomes CEO
June 2015 –
Sequential Brands buys MSLO for $353M. It is no longer a publicly traded
company. Martha remains Chief Creative Officer.
Television:
September 2010
- The Martha Stewart Show moves to Hallmark. New programs are developed:
Martha
Bakes, Mad Hungry, Whatever With Alexis & Jennifer, Martha Stewart
Presents, Petkeeping with Marc Morrone, Martha & Friends cartoon, Everyday
Food, From Martha’s Kitchen, From Martha’s Home, original Holiday and Halloween
specials
January
2011 - Martha Bakes premiers on the Hallmark Channel
April 24,
2012 - Martha Stewart Show tapes its last show
October
2012 - Martha Stewart’s Cooking School premiers on PBS
April 6,
2013 - Martha Bakes joins Cooking School on PBS
September
2016 – Martha & Snoop’s Potluck Dinner Party debuts on VH1
October
2018 – Martha Stewart TV app is launched
Magazine
Publishing:
November
2012 – last issue of Everyday Food published
January
2014 – Martha Stewart Living moves from 12 issues to 10
November
2014 - Meredith Corporation absorbs Martha Stewart Living
June 2018 –
last issue of Martha Stewart Weddings published
Merchandising:
June 2010 –
Martha Stewart Pets launches at PetSmart
September
2010 – Martha Stewart Living launches at Home Depot
December
2010 - Martha Stewart Home Decorators (subsidiary of Home Depot)
July 2011 -
Martha Stewart Fine Furniture with Miles Talbott Furniture and Lefa (debuts at
Highpoint in 2013 but never launched)
September
2011 - Martha Stewart Yarn with Lion Brand
January
2012 – Martha Stewart Home Office with Avery and Staples (ends 2014)
January
2013 - JC Penney launches Martha Home, Martha Celebrations, Martha Lighting;
Macy’s sues Martha and JC Penney and the court case is settled in 2014. JC
Penney line shuts down in 2014.
November
2014 - Wall decals with Fathead LLC
January
2015 – Martha Stewart Collection Whim
March 2015
- Martha Stewart Café opens at Starett Lehigh
January
2016 - Martha Stewart Office launches at Staples
June 2016 -
Martha and MarleySpoon
April 2017
- Martha Stewart Wine Co.
July 2017 -
Martha Stewart Living Bath Collections at Home Depot
August 2017
– Martha Stewart on QVC
A DECADE OF BOOKS:
Martha Stewart's Cookie Perfection
Published October 15, 2019
Martha Stewart's Grilling
Published March 26, 2019
The Martha Manual: How to do (Almost) Everything
Published January 1, 2019
Martha's Flowers (Deluxe Edition)
Published October 9, 2018
Martha Stewart's Pressure Cooker
Published August 28, 2018
Martha's Flowers
Published February 27, 2018
Martha Stewart's Newlywed Kitchen
Published November 7, 2017
Martha Stewart's Slow Cooker
Martha Stewart's Newlywed Kitchen
Published November 7, 2017
Martha Stewart's Slow Cooker
Published August 29, 2017
A New Way to Bake
A New Way to Bake
Published March 28, 2017
Martha Stewart's Vegetables
Published September 6, 2016
Martha Stewart Weddings: Ideas and Inspiration
Published December 1, 2015
Martha Stewart's Appetizers
Published September 8, 2015
Clean Slate: A Cookbook and Guide
Martha Stewart's Vegetables
Published September 6, 2016
Martha Stewart Weddings: Ideas and Inspiration
Published December 1, 2015
Martha Stewart's Appetizers
Published September 8, 2015
Clean Slate: A Cookbook and Guide
Published December 16, 2014
One Pot
Published September 23, 2014
Martha Stewart's Cakes
Published September 24, 2013
Martha Stewart's Favorite Crafts for Kids
Published June 18, 2013
Living the Good Long Life
Published April 23, 2013
Meatless
Published January 8, 2013
One Pot
Published September 23, 2014
Martha Stewart's Cakes
Published September 24, 2013
Martha Stewart's Favorite Crafts for Kids
Published June 18, 2013
Living the Good Long Life
Published April 23, 2013
Meatless
Published January 8, 2013
Martha's
American Food
Published April 24, 2012
Everyday Food: Light
Published December 27, 2011
Published April 24, 2012
Everyday Food: Light
Published December 27, 2011
Martha's Entertaining: A Year of Celebrations
Published October 25, 2011
Martha Stewart's Handmade Holiday Crafts
Published September 27, 2011
Martha Stewart's New Pies and Tarts
Published March 22, 2011
Power Foods
Published December 28, 2010
Martha Stewart's Encyclopedia of Sewing and Fabric Crafts
Published March 30, 2010
Everyday Food: Fresh Flavors Fast
Published February 23, 2010
5 comments:
Hi Andrew, do you know what is available at HomeSense here in Canada? I have only found christmas wrapping paper.
Sadly the Martha Stewart Kitchens line has been discontinued
This is exhausting to read AR. Will your blog be a reference for a student of mis er Management and or public relations or who da thunk Advertising and the art of Branding?
Through the decades MS has jumped ship or had a deal reworked to be more beneficial it reads like how to milk a cow. Her humble start of thrift- tag sales and penny pinching flipped and she became a salesman for high ticket items i.e. Copper cookie cutters and bee hive cake molds. I marvel at the legions of willing customers. I guess I am soured when her web page reincarnated so many times and the chat rooms closed. Those chat rooms were a hoot --- the easiest way to waste time debating the usefulness of potato nails LOL
@Anonymous 1: I have seen the wrapping paper at HomeSense as well as some Christmas decorations. At one location here in Ottawa I once found hand soap. It is not an especially wide selection and it tends to vary from location to location.
@Anonymous 2: I knew they had discontinued here in Canada but I didn't realize they had stopped in the US as well.
@Anonymous 3: SOMEONE'S gotta do it!
PS: Don't be afraid to leave your actual names!
Hi Andrew,
This was a great read and brought back some great memories of the past 10;years.
Do you know or have heard what we may look forward to this coming year, either with television or other merchandising opportunities? I heard that there may be something coming with Martha and California Closet. I would like to see more TV opportunities or a possible Pod casts.
Thank you
Dave
Post a Comment