Nordstrom's Stock Goes Up After President Trump Goes After Them On Twitter

Nordstrom's Stock Goes Up After President Trump Goes After Them On Twitter

Trump slammed the upscale retailer on Twitter, saying: "My daughter Ivanka has been treated so unfairly by Nordstrom".

A company representative said Ivanka Trump was personally informed in early January of Nordstrom's decision to drop the brand, and that the decision was based on the brand's poor sales performance.

Shares in Seattle-based Nordstrom traded around $42.70 before the tweet, then fell immediately afterward to $42.50.

Stephen Colbert tore into Donald Trump during his Wednesday night monologue on The Late Show for a tweet the president posted about his daughter Ivanka's clothing line being pulled from Nordstrom stores.

BASH: It's basic business, which Donald Trump should understand.

Nordstrom announced it was dropping Ivanka Trump's clothing line.

More news: ZTE Axon 7 Gets Daydream Support Alongside Android 7.0 Nougat Update

In a White House press conference Wednesday afternoon, press secretary Sean Spicer defended Trump's actions by citing his duty as a father to stand up for his offspring. A note from TJX Companies, the parent company of both stores, literally told employees to throw Ivanka Trump signs in the garbage.

The tweet also appeared in the middle of a news cycle that has Trump's travel ban on majority Muslim countries facing a skeptical federal appeals court. The campaign encourages consumers to stay away from retailers that carry Ivanka Trump products as well as businesses such as Trump wineries and golf courses.

The founder says she's tracked more than 230,000 tweets about it, and we found plenty too. The company said the decision was not a political one but just made "good business sense". "In this case, based on the brand's performance we've decided not to buy it for this season", it said.

"And it is abuse of power because the official message is clear - Nordstrom is persona non grata with the administration", Painter said.

Shannon Coulter is calling this development yet another victory for her #GrabYourWallet boycott of stores that do business with the Trump family.

In a statement provided to Refinery29, a spokesperson for T.J. Maxx explained that, at this moment, the company still sells Ivanka Trump items, and that its mission is to provide customers with a constantly-shifting selection of brand-name items.

Related Articles

  • Vatican defends inviting China to organ trafficking meeting

    Huang dismissed claims that organs were still being extracted from prisoners or ethnic minorities in a state-sponsored program in China.

    Phil Jackson Appears To Rip Carmelo Anthony (Again) In Cryptic Tweet

    And on Tuesday, Jackson posted a cryptic tweet about Anthony that turned out to be a big slap in the face. As far as defense and passing and concerned, that's not high on the list of priorities for Anthony.
    United Nations  records highest number of civilian casualties in Afghanistan for any year

    United Nations records highest number of civilian casualties in Afghanistan for any year

    Airstrikes by Afghan and worldwide forces caused 590 civilian casualties (250 deaths and 340 injured) - the highest since 2009. IS loyalists conducted extremist activities in Afghanistan under its local name, Islamic State Khorasan Province or ISKA.
  • Weight Loss: Whole Grain Foods Reduce Calorie Absorption, Up Metabolism

    This loss of calories was due to both a greater loss of fecal matter, as well as an increase in a person's resting metabolic rate. Refined grains are starches that have been processed and broken down into a finer texture, primarily to increase shelf life.

    Government promises new affordable rent measures in White Paper

    There are also plans to radically increase brownfield development and to bring life back to abandoned sites in town centres. It would also give local authorities the ability pressure property developers to start building on land that they owned.

    Wedbush Analysts Boost Earnings Estimates for Twenty-First Century Fox, Inc. (FOXA)

    Revenue for its largest segment, cable network programming, came in at $3.96 billion, up from a year-earlier $3.7 billion. FBR & Co reiterated a "hold" rating on shares of Twenty-First Century Fox in a research report on Thursday, November 3rd.
  • Rosie Huntington-Whiteley and Jason Statham expecting first baby

    Rosie Huntington-Whiteley and Jason Statham expecting first baby

    A third fan commented on how attractive the couple's child will be, saying: "That will be one genetically blessed baby". However, she remained tight-lipped until her exciting Instagram post .

    Donald Trump To Meet Canadian PM Justin Trudeau Amid Tensions Over Trade

    Traditionally, the USA president makes Canada the destination of his first official visit, although former president George W. Trudeau has expressed vastly different views to Trump on immigration, stressing Canada's desire to host refugees.
    DeMarcus Cousins shoves Bulls coach while Chicago players argue with a referee

    DeMarcus Cousins shoves Bulls coach while Chicago players argue with a referee

    That's when Barnes and Cousins - who aren't exactly known for their calm demeanor - inexplicably approached Boylen and shoved him. PHILADELPHIA (AP) - Kenny Agostino scored his first goal in nearly three years, Carter Hutton had 26 saves and the St.
  • New Orleans Pelicans Reportedly Closing In On Trade For Jahlil Okafor

    New Orleans Pelicans Reportedly Closing In On Trade For Jahlil Okafor

    According to The Vertical's Adrian Wojnarowski , the Pelicans are also interested in Nets big man Brook Lopez. Smith followed-up by noting that the Sixers want to "re-engage on bringing Jrue Holiday back to PHI".

    Stateline casinos host viewing parties for UFC 208

    It's possible that more fighters will move up from bantamweight with a conceivably shorter route to a title shot at 145 pounds. One thing that footage accomplishes is that that de Randamie has got heavy hands, and she's not afraid to let them go.
    No feud in family, Akhilesh will be next CM: Mulayam Singh Yadav

    No feud in family, Akhilesh will be next CM: Mulayam Singh Yadav

    Akhilesh today addressed six election rallies in Sitapur as part of his vigorous campaigning in the state. Both are contesting and giving a tough fight to the SP candidates.