Posted on 04/10/2017 12:13:36 PM PDT by 2ndDivisionVet
There’s new evidence that Ivanka Trump’s brand is thriving, despite boycotts and a swirl of negative press that have roiled the company since the presidential election. The company that manufactures Ivanka Trump’s brand, G-III Apparel Group, reported a $17.9 million increase in net wholesale sales of the brand’s licensed products in the 12-month period ending January 31, according to an annual report filed with the Securities and Exchange Commision last Tuesday. The brand had $29.4 million in sales the year before, the filing said.
The company, G-III, which also manufactures products for brands like Calvin Klein, DKNY, and Tommy Hilfiger, cited the Ivanka Trump brand as one of a number of brands that saw “an increase in gross profit” last year. According to the report, gross profit for GIII “increased to $840.9 million for fiscal 2017 from $838.6 million for fiscal 2016...This increase was primarily the result of a more favorable product mix, as well as an increase in gross profit for the Calvin Klein, Eliza J, Jessica Howard, and Ivanka Trump product lines.”
A source at G-III, who declined to comment on the record, explained to Refinery29 that while Ivanka Trump might have been one of its faster growing brands last year, it is not one of the larger brands that the company operates. G-III works with over two dozen brands and had a total of $2.39 billion in net sales last year.
Since Donald Trump’s presidential campaign and election, the Ivanka Trump brand has been subject to a boycott campaign and has been dropped by several major retailers. In February, Abigail Klem, the brand’s president, claimed to Refinery29 that, despite the negative press, the brand had seen a surge in customers. At the time, that was bolstered by independent e-commerce aggregator Lyst, which found that from January to February this year — around the period that Nordstrom dropped Ivanka Trump goods, and Kellyanne Conway came under fire for promoting them — sales had surged 346%.
That month, it climbed to the No. 11 spot on Lyst’s top brands list — up from 550 in January. The resale platform thredUP, meanwhile, saw sellers flipping pieces from the label in 2016 at a much faster rate than the previous year.
Although Ivanka Trump has rolled the fashion company into a trust, she will continue to receive payments from it. It was also reported last week that she will continue to benefit financially from her other family businesses, as well. This despite the fact that she is now an unpaid employee of the federal government. That last fact prompted two Democrats to pen a letter to the US Office of Government Ethics over concerns that her plans to benefit financially from the brand might pose a conflict of interest, and a lawsuit from a San Francisco boutique over unfair competition stemming “from Donald J. Trump being the President of the United States and from Ivanka Trump and her husband, Jared, working for the President of the United States.”
When asked for comment, a representative for Ivanka Trump Collection directed us to a past statement from Klem, in which she noted that February of 2017 represented "some of the best performing weeks in the history of the brand."
Maybe the liberals will demand a boycott of my company. One can hope.
Every time the louies try a boycott it ends up backfiring on them (see Ivanka, Chick-Fil-A, South Carolina et al); every time conservatives try a boycott it works like a charm (see Target, Starbucks, Planned Parenthood, etc.) I’d say we at least have more economic clout than them.
I am skeptical about Ivanka’s VERY liberal leanings and how those might influence the President.
I am also impressed by how beautiful and smart she is. Anyone can pick the right parents. A smart person can take that and accomplish things beyond that.
An example of someone born into wealth but has accomplished nothing is chelsea clinton. She gets awards and jobs for being named clinton, but has accomplished exactly zero.
A Tale of Two Daughters.
I don’t want her at the WH
However, she is a great example of how Rich Kids can make something of themselves. So many of them screw up their lives.
The Conrad Hilton punk is a disaster but he is probably on the lower end of disasters of Rich Kids. Like that Johnson and Johnson kid.
Every time the louies try a boycott it ends up backfiring on them (see Ivanka, Chick-Fil-A, South Carolina et al); every time conservatives try a boycott it works like a charm (see Target, Starbucks, Planned Parenthood, etc.) I’d say we at least have more economic clout than them.
Our NFL/ESPN boycott is still whacking those liberals really hard. Dumb left wing tv jocks are still getting laid off.
Colon K. the former Niner’s BLMer/Black Panther QB, apparently is still looking for an offer.
Maybe the CEO of Target should have coffee with her to learn how to run a company. If it moves him, they can share a bathroom.
I agree 100%. I’m not impressed that she didn’t put her brand on hold while doing work in the WH. Beyond that, one reason people chose Trump is they didn’t like that the establishment tried to force-feed us a choice of dynasties...Bush or Clinton. We chose “none of the above”. Jared/Ivanka behaving like the royal prince and princess is not terrific.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.