On Wednesday morning, President Donald Trump went after Seattle-based retailer Nordstrom on Twitter for declining to continue to carry his daughter Ivanka Trump’s lifestyle brand.
“My daughter Ivanka has been treated so unfairly by @Nordstrom,” he said in a tweet that was then retweeted by the official @POTUS account. “She is a great person — always pushing me to do the right thing! Terrible!”
Almost immediately, Nordstrom stock took a small dip. Then, it recovered and went on to have its ninth best day in five years, according to Mike Rosenberg of the Seattle Times.
By close of the day, it was up over 4 percent.
Nordstrom stock closed up more than 4% for the day after Trump’s tweet. It was their 6th best day on the market in 12 months pic.twitter.com/dOhQToS3Du
— Mike Rosenberg (@ByRosenberg) February 8, 2017
A Nordstrom spokesperson reiterated on Wednesday that the company decided to stop carrying Ivanka Trump’s brand due to sales performance.
— Lizzy Acker
503-221-8052
lacker@oregonian.com, @lizzzyacker
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