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Macy’s Stock Price Plummets More Than 50% Since They Announced Cutting Ties With Trump In 2015!
thegatewaypundit ^ | Cristina Laila

Posted on 02/13/2017 3:02:29 PM PST by davikkm

In July of 2015, Macy’s announced they would be cutting ties with then Presidential candidate, Donald Trump over his comments about Mexican immigration. At the time their stock price was trading at apprx $72.00 per share. Today, Macy’s stock is worth $32.58 per share.

(Screenshot from Google)

GotNews reports:

Macy’s stock was trading at a recent high of $72.31 per share in July 2015, shortly after announcing that it was dropping Trump on July 1, 2015.

Today, that stock was worth just $32.90 per share — a massive 54% collapse.

As a few big name brands have droppedPresident Donald J. Trump and Ivanka Trump’s brands last week, it brought to mind one of the first to throw down the gauntlet with The Donald, Macy’s department stores. Within a month of Trump’s announcement promising to stem the tide of illegal immigrants from Mexico, Macy’s cut off its 10+ year long relationship with Trump.

(Excerpt) Read more at thegatewaypundit.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: brands; donaldtrump; ivankatrump; macy; macys; stock; stocks; trump; trumps
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To: SoFloFreeper

Not Scott Baio...


41 posted on 02/13/2017 3:29:29 PM PST by Zarro (Oh, we don't call them the "MSM" any longer; they are now the "Basket of Detestables")
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To: SSS Two

The author draws no such conclusion in the article. However, an intelligent conclusion might be drawn that if your business is suffering because of other factors, it might not be wise to alienate a large percentage of your customer base the way that Macy’s did.


42 posted on 02/13/2017 3:29:45 PM PST by SoCal Pubbie
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To: Morpheus2009
Amazon.com sells everything.

Except for guns, alcohol, and the like. You know, the GOOD stuff.

43 posted on 02/13/2017 3:30:05 PM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: davikkm

Macy’s and the Post Office in a nose dive.


44 posted on 02/13/2017 3:31:07 PM PST by batterycommander (I learned my Artillery skills from the United States Marines. USNA 65)
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To: dragnet2

When she pulled off the white cloak.....I heard a bit of support in the audience.


45 posted on 02/13/2017 3:35:18 PM PST by RushIsMyTeddyBear (****happy dance**** BIGLY!!!! Shadilay!)
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To: davikkm

Passed two Macey’s stores today ... One was closing. The other was having a sale and figured they would probably be closing their doors at that location in the future. Now if there were only store closings for the Target stores I’ve been driving past lately.


46 posted on 02/13/2017 3:39:40 PM PST by jsanders2001
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To: nopardons

The department store model has been collapsing for a long time. Penney’s is gone, Montgomery Wards is gone. Sears is circling the drain. And that’s just to name a couple. Meanwhile, back in the 90s, as loads of old line department store companies were failing, Macy’s (then known Federated Department Stores) was on a buying spree, converting them to Macy’s. Their main competitor in those acquisitions was May Company Stores. In 2005, May and Federated merged and changed the name to Macy’s Corporation. But the underlying trends that made all those acquired store lines vulnerable couldn’t be overcome by the alleged greater efficiencies of Macy’s. Plus they now had way too many redundant locations, cannibalizing each other’s sales. You have malls anchored by a Macy’s and a Bloomingdale’s, when they’re both the same company, paying huge overhead and staffing costs on two spaces and competing for the same customers. Dropping the Trump products was a splashy blip, but the writing was already on the wall.


47 posted on 02/13/2017 3:40:28 PM PST by Bubba Ho-Tep ("The rat always knows when he's in with weasels."--Tom Waits)
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To: SoFloFreeper

Then we’ll have to see if we can help. Btw, not everyone who shops Nerdstoms is a celebrity. Only a company run by morons would want to PO half their customers.

That’s industrial strength stupidity no matter how ya chop it up.


48 posted on 02/13/2017 3:45:22 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Bubba Ho-Tep
back in the 90s, as loads of old line department store companies were failing, Macy’s (then known Federated Department Stores) was on a buying spree, converting them to Macy’s

The Federated Department Stores must have been local to your area. I've known Macy's stores my whole life. As I recall, the 1947 movie, "Miracle on 34th Street" featured Macy's quite prominently.

49 posted on 02/13/2017 3:50:00 PM PST by exDemMom (Current visual of the hole the US continues to dig itself into: http://www.usdebtclock.org/)
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To: nopardons

The fifty percent drop or the internet? Or both :)


50 posted on 02/13/2017 3:54:19 PM PST by dp0622 (The only thing an upper cbrust conservative hates more than a liberal is a middle class conservative)
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To: davikkm
Today, Macy’s stock is worth $32.58 per share.

Most retailers have fallen since 2015, primarily due to soft sales and competition from on-line stores. Nordstrom for example has dropped from $82 to $44 in the same time period.

51 posted on 02/13/2017 3:56:56 PM PST by Sales Rep
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To: TaxPayer2000

Seriously?


52 posted on 02/13/2017 3:56:56 PM PST by happydog2190
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To: davikkm

Sounds like Macy’s “shorted” itself. I don’t know how that works but I’ll bet a bunch of ex-employees are not very pleased.


53 posted on 02/13/2017 3:59:05 PM PST by eyedigress ((Old storm chaser from the west))
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To: SSS Two

I remember that Latin phrase from my days as a high school debater-over 50 years ago!

After this therefore because of this.


54 posted on 02/13/2017 4:15:27 PM PST by Maine Mariner
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To: davikkm

I know the story behind the Macy’s star but to have it red? I cringe every time I see that red star on a shopping bag or in an advert.


55 posted on 02/13/2017 4:21:57 PM PST by SkyDancer (Ambition Without Talent Is Sad, Talent Without Ambition Is Worse)
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To: davikkm
Post hoc ergo prompter hoc?
56 posted on 02/13/2017 4:54:17 PM PST by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas.)
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To: davikkm

Where is the shareholder derivative lawsuit?!


57 posted on 02/13/2017 5:18:38 PM PST by piytar (http://www.truthrevolt.org/videos/bill-whittle-number-one-bullet)
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To: Morpheus2009

I DESPISE Bezos. Have relied on Amazon Prime for years. Looking for an alternative — thinking jet.com (Walmart). But I have a ton of points and other incentives with Amazon. Oh well, guess I will just dump those points and incentives. My soul is worth more than some few dollars...


58 posted on 02/13/2017 5:23:35 PM PST by piytar (http://www.truthrevolt.org/videos/bill-whittle-number-one-bullet)
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To: sarasota

Sears and K-mart just volunteered for that list, too.


59 posted on 02/13/2017 5:24:20 PM PST by piytar (http://www.truthrevolt.org/videos/bill-whittle-number-one-bullet)
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To: happydog2190

No, not seriously.


60 posted on 02/13/2017 5:41:03 PM PST by TaxPayer2000
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