The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheStreet) -- Since the mid-1970s, domestic diva Martha Stewart has been an icon of American style. Over the years, Stewart's catering business has blossomed into a hydra-headed business offering everything from cookbooks and magazines to home furnishings, flowers, food, wine and even houses. Building from one success to another, Stewart became a media icon, editor-in-chief of her eponymous Martha Stewart Living magazine and star of an hourlong television show devoted to food, decorating, holidays and other niceties of gracious living. While rumors that she was temperamental and difficult to work with swirled around Stewart from the beginning, she continued to be viewed by her fans as the consummate authority on all things stylish and genteel. Consequently, when Stewart was charged in 2002 with insider trading and ultimately convicted and jailed, the public was shocked and speculation about the impact of her conviction on her business empire ran rampant.
SHLD), for letting the quality of her line deteriorate. However, Sears' representatives shot back that the products were designed and manufactured to her team's specifications and bluntly stated, "we think that Ms. Stewart should accept responsibility for her product." Follow TheStreet on Twitter and become a fan on Facebook.