Trump Attacking Nordstrom Highlights His Many Potential “Conflicts Of Interest” — CNN Panel

Near the close of trading, they were up by more than 4 percent, adding around $300 million of value for shareholders. Shares traded for approximately $42.70 prior to the tweet, and dropped to $42.48 after.

This has been a pretty standard occurrence for a company targeted by Trump’s tweets.

The 45 president had taken swipes at Boeing and Lockheed Martin questioning the high costs of purchases from the companies by the Defense Department.

Sen. Bob Casey (D-Pa.) copied Trump’s tweet and tweeted “cc: @OfficeGovEthics” to the executive branch’s conflicts of interest watchdog.

Nordstrom stock dipped briefly, but recovered.

“He’s using the power of the presidency to financially benefit one business and to harm another.to benefit his daughter”, Eisen told ABC News.

The stock declined, but eventually bounced back on Wednesday.

The blowup comes six days after Nordstrom announced it would not order Ivanka’s collection this season.

Still, some saw it as a political decision because of calls for boycotts of Ivanka’s brand by activists like Shannon Coulter, quoted in the tweet above, of #GrabYourWallet, a group that maintains a list of shops and companies connected to Trump that it urges shoppers to boycott, instead steering them toward other retailers.

The President of the United States attacked another American corporation yesterday but this time it was very personal. After sales of the brand “steadily declined”, especially in the second half of past year, continuing to offer the collection no longer made sense.

Hobson said despite the insistence by Nordstrom that the split was over sagging sales, corporate America is anxious about being singled out by Mr. Trump.

Trump is misusing government resources, said Richard W. Painter, a law professor at the University of Minnesota and the former chief ethics lawyer for the George W. Bush administration.

Nordstrom representatives did not immediately return request for comment on Trump’s Wednesday tweet.

“The Ivanka Trump brand continues to expand across categories and distribution with increased customer support, leading us to experience significant year-over-year revenue growth in 2016”, Rosemary K. Young, Ivanka Trump’s senior director of marketing, said in a statement on Friday.

In November, co-president Peter Nordstrom reportedly emailed his employees about the likely controversy over the fact that the chain was then carrying Ivanka Trump’s products. According to him, Nordstrom is not the only retailer that dumped Ivanka’s offerings. Retailers Neiman Marcus, Belk, Jet and ShopStyle have also dropped the brand.

Nordstrom isn’t the first brand to feel Trump’s wrath on Twitter. Drum feels the “thin-skinned” President, singled the Seattle-based retailer because of that.