Martha Stewart
Martha Stewart kicks ass
But even though the domestic czar's company is raking in big bucks, the financial press doesn't seem to care.
If Martha Stewart sold routers instead of linens, would the financial press take notice? They sure aren’t doing it now.
Martha Stewart Living Omnimedia announced third quarter earnings Thursday, but only a handful of publications reported it and only CNN’s “Moneyline” interviewed her. One article got her last name wrong. Maybe they think Stewart’s a big joke, but I’m sure she’s laughing all the way to the bank.
It’s not clear why they were so unimpressed. Her numbers were strong, exceeding analysts’ expectations: Revenue doubled to $69 million for the quarter, up 24 percent over the same period last year. Her company is even profitable, for crying out loud! In the current climate of disappointing earnings, slow growth and outright bankruptcies, her performance is even more astounding. And she’s in a notoriously fickle industry as well. In short, she kicked ass.
For many of us, the news isn’t surprising at all. We’ve known about Martha’s prowess for quite some time. As evidence, I’m heading out this afternoon to look at those pots and pans she’s been hawking on television commercials. And believe me, that’s no easy feat considering my last experience in that bastion of American discount stores, K-Mart. After wandering fruitlessly through aisle after aisle of that time-warped, circa 1950s store, it took about 20 minutes to pay for my one lousy purchase.
But the fact remains that I need some new pots and pans. And if Martha Stewart put her name on those pots, that’s good enough for me. That’s what you call marketing, a concept unknown to many companies today. Companies like that beleaguered and struggling Priceline, which spent a fortune on a nincompoop of a spokesman who doesn’t even use the company’s service. Of one thing you can be certain, a gaffe like that would never happen in Martha Stewart’s company.
Perhaps it’s easy to overlook her success because her company is devoted to domestic interests. But another peculiarity is the snide manner in which she’s portrayed. For instance, in the company profile at Hoover’s Online you can find this odd comment: “Mix equal parts Julia Child, Miss America and P.T. Barnum; stir in liberal amounts of ambition and chutzpah.” P.T. Barnum? What’s that supposed to mean? And one would think ambition and chutzpah to be natural, not to mention desired characteristics for an entrepreneur — why bother mentioning them, unless to highlight how unnatural it must be for a woman to display them?
I remember when Martha Stewart’s company was about to go public and Bryant Gumbel was interviewing her. Granted, Gumbel is a poor interviewer, but did he actually have to ask her if she was scared about her forthcoming IPO? Would he have asked Ted Turner that question?
It all boils down to this: The business arena — predominantly male — doesn’t really understand Martha Stewart, doesn’t quite accept the fact that a woman can be a shrewd businesswoman and cook a nice dinner and put on a great party at the drop of a hat. It’s called multitasking, guys, and women have been doing it for centuries.
Sara Hazlewood is a freelance writer in Sunnyvale, Calif. More Sara Hazlewood.
Live from Piers Morgan’s disastrous Twitter show
Tweeting makes for a great distraction during CNN's social network-inspired program. I should know: I was there
Twit. If you missed Piers Morgan’s show last night about Twitter, don’t worry, so did I. And I happened to be sitting in the audience. You see, before the show we were told that, in addition to such guests as Martha Stewart, Alyssa Milano, Twitter founders Jack Dorsey and Biz Stone, Newark Mayor Cory Booker, and Twitter entrepreneur and wine enthusiast Gary Vaynerchuk, we the audience would also be encouraged to tweet during the show.
Continue Reading CloseDrew Grant is a staff writer for Salon. Follow her on Twitter at @videodrew. More Drew Grant.
Martha Stewart’s frenemy tells all
The domestic icon's ex-BFF pens a book about her bullying and man troubles, but it's the author who gets skewered
Martha Stewart may be one of the most compelling and evocative brands of the last few decades. She created a hunger in a whole generation of women, a hunger for a pristine, well-organized, hopelessly tasteful but still down-to-earth home, a sunny, immaculate place filled with fresh tulips and big bowls of sea glass and refinished vintage furniture and bright shades of robin’s egg blue splashed across spotless walls, a place where elaborate brunches are held, at which attractive professionals give eloquent toasts, and beautiful children scamper about noiselessly, dressed in shades of iris and ultra blue that match the table linens.
Continue Reading CloseHeather Havrilesky is Salon's TV critic and author of the rabbit blog. Her memoir, "Disaster Preparedness," published in 2010. More Heather Havrilesky.
Martha Stewart works the pole
A domestic queen goes exotic dancer
Maybe it’s just a result of maturing into the “don’t give a damn” years, maybe it’s lessons learned from that time in jail, but Martha Stewart gets funnier and freakier.
Last month, she used Snoop Dogg’s appearance in a brownie-baking segment as an excuse to not so subtly allude to the dessert’s popularity among stoners; now, she’s breaking out her Champagne Room moves.
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Mary Elizabeth Williams is a staff writer for Salon and the author of "Gimme Shelter: My Three Years Searching for the American Dream." Follow her on Twitter: @embeedub. More Mary Elizabeth Williams.
Martha and Snoop get baked
Wherein the Dogg explains the missing ingredient in Stewart's brownies. Happy holidizzle!
Snoop Dogg and Martha Stewart If you’re looking for two one-of-a-kind entertainers and all-around entrepreneurs, individuals who have put their unique stamp on American culture while keeping their tongues firmly in their cheeks, you’d be hard pressed to do better than Martha Stewart and Snoop Dogg. They’ve both had their own television shows. They’re both on Twitter. One is known as a gangsta, and one has done time on the inside.
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Mary Elizabeth Williams is a staff writer for Salon and the author of "Gimme Shelter: My Three Years Searching for the American Dream." Follow her on Twitter: @embeedub. More Mary Elizabeth Williams.
Cramer talks down Stewart feud
The "Mad Money" host says he idolizes Jon Stewart; too bad he misses the point of "The Daily Show," which he's appearing on Thursday night.
Sadly, when Jim Cramer and Jon Stewart finally meet face-to-face on “The Daily Show” tonight, the two are unlikely to produce the shootout we’ve all been hoping for.
Stewart himself said as much on his show last night, and now Cramer is throwing water on the fire too. The CNBC star, apparently trying to soften his image, went on “The Martha Stewart Show” this morning and admitted that Stewart has gotten the better of him so far. “My kids only know I have a show ‘cause Jon Stewart’s been skewering me,” the “Mad Money” host said.
Continue Reading CloseGabriel Winant is a graduate student in American history at Yale. More Gabriel Winant.
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