Advertise with fastmoving.co.za
 
 

Macy’s severs ties with Trump - USA
Macy’s severs ties with Trump - USA

Macy’s severs ties with Trump - USA

INTERNATIONAL NEWS

IOL Business - Jul 2nd 2015, 09:52

New York - Macy's said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and US presidential hopeful because of his comments insulting Mexicans.  

Calling Trump's remarks “disgusting and offensive”, New York City Mayor Bill de Blasio said in a statement, “Trump's comments do not represent the values of inclusion and openness that define us as New Yorkers.”

In New York City, where Trump built his fortune in real estate, his company has a contract to run a golf course at Ferry Point in the Bronx. Trump also manages two public skating rinks in Manhattan's Central Park.

Trump described immigrants from Mexico to the United States as drug-runners and rapists during a speech on June 16 to announce plans to seek the Republican nomination for president.

On Monday, NBC cut ties with Trump and the Miss USA and Miss Universe pageants, saying it was “due to the recent derogatory statements by Donald Trump regarding immigrants”. The pageants are part of a 50/50 joint venture with NBCUniversal, a subsidiary of Comcast Corp, for the English-language broadcasts.

Also on Monday, television company Ora TV, owned by Mexican billionaire Carlos Slim and TV personality Larry King, said it had cancelled a project with Trump. Slim's representative called Trump's comments “totally out of line” and racist.

Univision last week pulled the July 12 Miss USA pageant. On Tuesday, Trump filed a $500-million lawsuit against the Spanish-language TV network for dropping the event.

Department store chain Macy's said it would phase-out Trump's menswear collection, which it has sold since 2004.

“Macy's is a company that stands for diversity and inclusion. We have no tolerance for discrimination in any form,” the company said.

“In light of statements made by Donald Trump, which are inconsistent with Macy's values, we have decided to discontinue our business relationship with Mr Trump.”

Trump fired back, saying in a statement that it was his decision to end ties with Macy's “because of the pressure being put on them by outside sources”. He said he was not happy that his products were being made in China.

“While selling Trump ties and shirts at Macy's is a small business in terms of dollar volume, my principles are far more important and therefore much more valuable,” the Trump Organisation said.
In a Twitter post, Trump told followers, “Those who believe in tight border security, stopping illegal immigration & SMART trade deals w/other countries should boycott @Macys.”

As of early Wednesday, more than 700 000 people had signed a MoveOn.org petition calling on Macy's to cut ties with Trump.

“Donald Trump is finding out that Hispanics have real power, and it's not just political power it's economic power,” said Fernando Mateo, chair of Hispanics Across America.

Trump branded merchandise is also sold by a number of online retailers, including eBay and Amazon.com. Representatives from both companies declined to comment on Wednesday. From © Independent On-line 2015. All rights reserved. 

Read more about: new york | macy's | donald trump | amazon.com

Related News

Factories lie idle in China as sportswear brands leave
27/08/2019 - 09:43
A quarter of the Chinese production capacity used by global sportswear brands is lying idle, according to an industry executive, as the trade war pushes the biggest labels out of the Asian nation’s factories.

Amazon opens its biggest global campus in India
26/08/2019 - 08:21
Amazon.com announced that it has launched its biggest campus in the world in the southern Indian city of Hyderabad, underscoring its expansion plans in the country that has been one of its fastest-growing overseas markets.

Amazon offers $10 to Prime Day shoppers for access to their data
18/07/2019 - 09:53
Amazon.com has a promotion for US shoppers on Prime Day, the 48-hour marketing blitz that started recently: earn $10 of credit if you let Amazon track the websites you visit.

Nike and Adidas join 173 US shoe retailers in call to avoid ‘catastrophic’ tariffs
21/05/2019 - 12:23
Nike, Adidas, and other footwear giants urged President Donald Trump to reconsider his tariffs on shoes made in China, saying the policy would be “catastrophic for our consumers, our companies and the American economy as a whole”.

Why Macy’s guidance triggered US retail wipeout
15/01/2019 - 14:18
Macy’s did not have as merry a Christmas as it expected, and now all of retail is under the microscope.