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Nordstrom shares climb despite tweet attack from Trump over Ivanka fashion line
Posted on 2/8/17 at 11:35 pm
Posted on 2/8/17 at 11:35 pm
quote:
Nordstrom shares were climbing Wednesday after a brief dip following the president’s tweet. They were up more than 3 percent to $44.22 by mid-day Pacific time, and closed Wednesday at $44.53, up 4 percent.
Investors recognizing good business decision making.
LINK
14
Posted on 2/8/17 at 11:38 pm to zunic
Who is Nordstrom?
Posted on 2/8/17 at 11:40 pm to zunic
Women Nationwide Cut Up Nordstrom’s Cards, Plan Boycotts After Political Decision to Drop Ivanka Trump Line
The bump in stock price won't last if they can't turn a profit because they lose customers.
Posted on 2/8/17 at 11:42 pm to stout
All 20 of them. Nordstrom will never recover.
Posted on 2/8/17 at 11:43 pm to zunic
When their stock eventually falls I'm sure you'll be here to eat crow.
Posted on 2/8/17 at 11:43 pm to zunic
quote:
zunic
Please stick to one account.
Thanks.
Posted on 2/8/17 at 11:43 pm to zunic
Sold mine today. Give it time, it's like nova cane.
Posted on 2/8/17 at 11:44 pm to zunic
Two threads on here and I can already tell you are either 12 or should be on disability because you have an insufficient amount of working brain cells.
Posted on 2/8/17 at 11:44 pm to zunic
It's fricked up to punish Ivanka because of her dad.
War on women.
War on women.
Posted on 2/8/17 at 11:44 pm to The Dudes Rug
Sherlock Holmes here cracked the case of the Zunic alter account.
Twist: It turns out Zunic is Zunic's alter
Twist: It turns out Zunic is Zunic's alter
Posted on 2/8/17 at 11:44 pm to LuckyTiger
quote:It's like K-mart, but not for people like you.
Who is Nordstrom?
Posted on 2/8/17 at 11:44 pm to zunic
They'll all quietly introduce the line in less than a month now that all the women on the boards of these companies have been allowed to make their pointless political statements and the men decide it's time to make money again.
Posted on 2/9/17 at 12:15 am to zunic
quote:
Take that, Donald Trump? Macy's making a comeback - https://money.cnn.com
February 23, 2016
by Paul R. La Monica @lamonicabuzz
You won't see Donald Trump endorsing Macy's anymore. But the company seems to be rebounding in the post-Trump era.
Republican presidential frontrunner Donald Trump called for a boycott of Macy's after the retailer dumped his clothing line following the controversial comments he made about Mexican immigrants last year.
But Macy's (M) may be having the last laugh. For now, at least.
The company's stock was up 4% Tuesday after reporting results that topped forecasts. And Macy's is actually one of the best performing stocks in the S&P 500 this year.
quote:
Macy’s CEO Says Dumping Donald Trump’s Line Was Still the Right Move - fortune.com
Nov 10, 2016
Phil Wahba
Macy's (M) CEO Terry Lundgren on Thursday stood by his decision last year to drop president-elect Donald Trump's clothing line from the department store chain.
In the summer of 2015, Macy's stopped selling Trump's line of menswear after the real-estate-developer-turned-Republican-candidate said many Mexican immigrants were rapists or murderers. Despite Trump's victory on Tuesday and upcoming ascent to the most powerful job in the world, Lundgren said he has no regrets.
"We made our decision about a year and a half ago, and stand by our decision," Lundgren told TheStreet in an interview.
[..]
quote:
Macy's plunge: 'Cutting 10,000 jobs' since dissing - wnd.com
Here's massive list of retail locations that company is closing
01/04/2017
JOE KOVACS
In the battle of Macy’s vs. Donald Trump, it appears the clear loser continues to be Macy’s.
On Wednesday, the retailer announced disappointing holiday sales, prompting its stock to drop more than 9 percent.
The company also released the locations of 68 of the 100 stores it plans to close, with more than 10,000 jobs reportedly being eliminated.
CNBC reported: ” As part of Wednesday’s announcement Macy’s said it will eliminate layers of management to cut costs and make more agile decisions. It also will work to reduce other non-payroll costs. As a result of these steps, the company estimates its work force will be cut by 6,200. Another 3,900 workers will be displaced by the store closures and some of these employers could be reassigned.”
[..]
quote:
Macy's may be put up for sale - usatoday.com
Feb. 2, 2017
Charisse Jones , USA TODAY
Macy’s, the iconic department store chain that has lost shoppers to nimbler rivals and online retailers, may be sold, according to a report.
The retailer’s CEO Terry Lundgren, who will be stepping down this year, is now willing to potentially place the chain he helmed for more than 13 years in the hands of a new owner, according to a report in the New York Post.
The move would be a way for the beleaguered brand to avoid a battle for control of its board of directors, in the wake of some investors’ mounting frustrations about Macy’s slumping sales and anemic growth.
[..]
This post was edited on 2/9/17 at 12:21 am
Posted on 2/9/17 at 12:22 am to zunic
Careful. Topics that do not praise the dear leader are at risk to be anchored. You need to throw in a MAGA or something.
Posted on 2/9/17 at 12:28 am to someoneBEE
quote:
someoneBEE
Damn, we saw that shite in real time...
Posted on 2/9/17 at 12:30 am to stout
quote:This.
The bump in stock price won't last if they can't turn a profit because they lose customers.
Nordstrom is Seattle-based and Seattle-influenced. It's middle America customer population is not. Time will tell whether the decision works for them.
Posted on 2/9/17 at 12:33 am to zunic
Guess there goes that argument of conflict of interest and picking winners and losers by tweeting you guys have been whining about. Congrats lol.
Posted on 2/9/17 at 7:20 am to someoneBEE
quote:
someoneBEE
Posted on 2/9/17 at 7:25 am to someoneBEE
Locally, they appear to be going out of business, pulling out of a couple of malls
If you read the article it suggest, "we had a disappointing year, but I tell my people it's necessary to set up our comeback
so from that, we get "take that Trump"....?
Uh...what am I missing? the results haven't been realized yet.
If you read the article it suggest, "we had a disappointing year, but I tell my people it's necessary to set up our comeback
so from that, we get "take that Trump"....?
Uh...what am I missing? the results haven't been realized yet.
Posted on 2/9/17 at 7:27 am to zunic
Ok. We will see how it pans out after a few months. The consumers will ultimately decide whether or not this was a good move.
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