Macy's has filed a lawsuit against the company that owns the giant billboard next to its flagship Manhattan store, fighting to prevent Amazon from taking over the advertising space that carried Macy's name for almost 60 years.
In the lawsuit, filed last week in state Supreme Court in Manhattan, the department store retailer said there has been a restrictive covenant in place since 1963 barring the billboard space from being used by any Macy's competitor.
But Macy's said that when it tried to negotiate a lease renewal this year, the billboard's owners, the Kaufman Organization, told them they were in discussions with a “prominent online retailer," and there was “little doubt" that meant Amazon, according to the lawsuit.
Messages were left with the Kaufman Organization seeking comment. Amazon had no comment.
In the lawsuit, Macy's asked the judge for an injunction that would keep Kaufman from leasing the space to Amazon or any other competitor.
“The damages to Macy’s customer goodwill, image, reputation and brand, should a ‘prominent online retailer’ (especially, Amazon) advertise on the billboard are impossible to calculate," the company said in the lawsuit.
The lawsuit pointed out that the billboard is highly visible in its annual Thanksgiving Day parade, which is nationally televised.
Xbox and Barbie are teaming up to release Barbie-themed consoles.
A fire broke out Thursday in the basement of the flagship Tiffany & Co. store on New York's Fifth Avenue, officials said.
Microsoft CEO Satya Nadella defended his company's takeover of Activision Blizzard and said the deal would be good for the gaming industry.
A UPS strike is 'imminent,' according to the Teamsters, after the union walked away from the bargaining table.
A Delta plane landed safely on Wednesday in Charlotte without its front landing gear after receiving an alert.
Wall Street is shaky Thursday as investors consider both the upsides and downsides of the latest signals that the U.S. economy remains in much better shape than feared.
Threatened by possible shortages of lithium for electric car batteries, automakers are racing to lock in supplies of the once-obscure “white gold” in a politically and environmentally fraught competition from China to Nevada to Chile.
The number of different electronic cigarette devices sold in the U.S. has nearly tripled to over 9,000 since 2020, driven almost entirely by a wave of unauthorized disposable vapes from China, according to tightly controlled sales data obtained by The Associated Press.
Couples opt for non-traditional attire at their weddings.
Doordash introduced several new features for both users and delivery drivers for earned-by-time.
