Macy’s Stock Plunges Over 50% Since They Cut Ties With President Trump In 2015
GotNews reports that Macy’s stock price has tanked by more than 50% since 2015 when they announced they were cutting ties with Trump over his “controversial comments” about immigration.
From GotNews
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 dropped President Donald J. Trump and Ivanka Trump’sbrands 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.
The reason that Macy’s gave for phasing out Trump products and eventually dropping all his lines was ostensibly one of politicaly correct ethics. A lot of retailers are going for what they call the “multicultural market”. Money classified as coming from that market was apparently the fastest-growing in the sector of consumer spending. Earlier in 2015, when Trump made his announcement to run, Macy’s collaborated on an extensive line launch with a Mexican pop star.
They are a bunch of Smart Fellas at Macy’s, maybe they should listen to their customers instead of politicians.
Macy’s should also ignore pro-amnesty activists who’re far less numerous than their regular customers despite their shouting and support from Crooked Media.
Maybe Starbucks should listen what happen to Macy’s stock…They are next on Boycott list…