Macy’s Stock Crumbles After Dumping Trump
Nearly two years after phasing out its Donald Trump line of menswear, Macy’s stock has plummeted to its lowest levels in years.
Macy’s dumped Trump merchandise in July 2015 after the then-Republican presidential candidate made “derogatory” comments about Mexican immigrants.
“Macy’s is a company that stands for diversity and inclusion,” the company said at the time. “We are disappointed and distressed by recent remarks about immigrants from Mexico.”
Trump responded by calling for a boycott of the store, tweeting: “Those who believe in tight border security, stopping illegal immigration, [and] SMART trade deals [with] other countries should boycott Macy’s.”