Last week, the department store Nordstrom announced that they would be dropping Ivanka Trump’s clothing and merchandise line after receiving pressure from liberals to do so. Now, this has come back to bite them in a big way…
Conservative Tribune reported that Nordstrom stock has plummeted from a high of 61.49 in December down to a low this week of 42.78. Their stock went down at an even faster rate after their announcement about Ivanka.
“We’ve said all along we make buying decisions based on performance,” Nordstrom said in a statement defending their decision to drop Ivanka’s brand. “We’ve got thousands of brands — more than 2,000 offered on the site alone. Reviewing their merit and making edits is part of the regular rhythm of our business.”
Though they claimed that the move was not a political one, Nordstrom executives had sent an email to their employees two days before condemning Donald Trump’s travel ban.
“We literally have thousands of employees who are first and second generation immigrants. Every one of your unique qualities brings a richness that allows us to better reflect and serve the multi-cultured communities we’re a part of and ultimately makes us a better company,” the email read. “We are a better place with you here, no doubt about it.”
“It’s important that we reiterate our values to all of you and make it clear that we support each of our employees,” the letter continued. “We will continue to value diversity, inclusion, respect, and you can count on that.”
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