Wednesday, February 08, 2017
A bold move worthy of a world leader
U.S. President Donald Trump on Wednesday criticized Nordstrom Inc for what he said was its unfair treatment of his daughter Ivanka after its decision to not purchase her clothing line for this upcoming season.Good to know that all the other world problems have been settled.
Shares of the retailer fell 0.7 percent after the president's criticism. They later recovered to trade up 0.2 percent.
"My daughter Ivanka has been treated so unfairly by @Nordstrom. She is a great person -- always pushing me to do the right thing! Terrible!," Trump said on Wednesday in his post on Twitter.
In a statement last week, Nordstrom said it routinely cuts brands each year and that the decision to pass on the Ivanka Trump brand had been based on its performance.
A day after Nordstrom's statement, luxury retailer Neiman Marcus Group also said it had stopped selling Ivanka Trump's jewelry line on its website and a store in New Jersey, according to Yahoo News.
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