Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Nordstrom Stock UP Since Dropping Ivanka
Posted
February 11, 2017
Views
127,176
Likes
3,112
Comments
463
Engagement
2.81%
February 11, 2017
127,176
3,112
463
2.81%
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3:22Now PlayingThey’re doing just fine, thank you. Ben Mankiewicz, Hannah Cranston, Brett Erlich, and Aida Rodriguez, hosts of The Young Turks, discuss. Tell us what you think in the comment section below.
"President Donald Trump may have inadvertently done Nordstrom a favor this week when he slammed the Seattle-based retailer on Twitter — shares have risen by 7 percent.
After the department store announced it would not carry Ivanka Trump's spring collection — characterizing the move as a business decision — the Trump camp disputed Nordstrom's claim that her merchandise wasn't selling well.
Trump adviser Kellyanne Conway added more fuel to the fire Thursday when she delivered what she called a "commercial" in support of the brand during a live TV interview. Threats of boycotts from both pro- and anti-Trump factions surfaced on social media, but the dust-up spared the retailer's stock. In fact, after dipping briefly, shares rebounded.
Retail experts say the reason Nordstrom stock shook off the controversy while other companies have seen their share prices fall after being on the receiving end of a disgruntled tweet was simple: Unlike Lockheed Martin, which depends on U.S. government contracts, or General Motors, whose investments in Mexico could be threatened by an import tax, there isn't much Donald Trump can do to hurt the fortunes of a high-end department store chain.
Retail analysts dismissed the idea that the decision to drop Ivanka Trump's brand was politically motivated.”*
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Hosts: Ben Mankiewicz, Hannah Cranston, Brett Erlich, Aida Rodriguez
Cast: Ben Mankiewicz, Hannah Cranston, Brett Erlich, Aida Rodriguez
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The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 68pm ET.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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