Martha Stewart's firm — which represents a wide range of products like magazines and house hold items — has reported another loss this quarter. And it isn't looking good:
The lifestyle company's operating loss widened to $2.5 million from $803,000 in the year-earlier period, while overall revenue declined to $54.9 million from $55.3 million. The stock sank 4.3 percent, or 18 cents, to $4.04 on the news.
People say that it's almost like the company is floating by without any kind of strategy at all, and we can definitely see that. We can't remember the last time we even saw a commercial for one of her products, let alone a major partnership campaign with a big retailer or anything — so we hope the new one with Macy's starting in September will help!
Most shockingly is that we heard that Martha was turning 70 next week, though!
Still lookin' good for that age!
[Image via WENN.]
Tags: art, campaign, commercial, company, decline, magazine, new, september, shocking, star