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She emphasized that the ruling was preliminary and that the company will "continue to defend our legal and commercial position." "We continue to believe we have not breached our agreement and that extending our brand to a wide array of retailers is beneficial to all our partners," Meyer said. J.C. Penney declined comment. Following a verbal ruling Friday, a formal injunction is expected to be filed by the end of next week, according to Sluzewski. J.C. Penney is based in Plano, Texas. Macy's is based in Cincinnati. Penney's shares slipped 2 cents to close at $20.02, while Macy's shares rose more than 2 percent, or 81 cents to $33.64. Martha Stewart Living's shares rose 1 cent to $3.53 per share.
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