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 ...
Federated is, or was, a conglomerate. They acquired Macy's as it was emerging from bankruptcy in 1994, then began rebranding all the other chains they acquired as Macy's stores. Among those stores are Bullocks, Bon Marche, Filenes, Robinsons-May, Famous-Barr, Marshal Field's and Lord & Taylor. Federated changed their name to Macy's Inc. in 2007.
Correlation without causation... the retail sector (sans Walmart) has suffered. Malls are dying.
I used to be in Macy’s once a month. There was one near me, but it has closed since that Trump expulsion thing in 2015. Since then, I went to another Macy’s—once. I bought something to wear to an event after exhausting five or six other stores. I loved Macy’s. But I can get by without making it my “go-to” store.
But using it is just enriching Jeff Bezos, one of Trump's worst enemies.
Stupid is as stupid does. Some things never change.
Nobody boycotted, nor called for the boycott of "BILLY BEER", which was pushed by President Carter's brother, nor a boycott of peanuts, because Carter had a HUGE peanut farm etc. !
“Federated is, or was, a conglomerate. They acquired Macy’s as it was emerging from bankruptcy in 1994, then began rebranding all the other chains they acquired as Macy’s stores. Among those stores are Bullocks, Bon Marche, Filenes, Robinsons-May, Famous-Barr, Marshal Field’s and Lord & Taylor. Federated changed their name to Macy’s Inc. in 2007.”
Doesn’t help that they managed to p*ss off a lot of those stores’ established customers in the process....
STILL the Best Election Ever.
Thanks for the info. I never even thought of it.
Jerks.
Go, America!
Go, America!
SPOT ON and in spades !
You’re welcome. :-)
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