One year ago Macy’s announced that they were cutting ties with Donald Trump. That decision is biting them in the butt today! See how America paid them back!
Trump fired back, declaring the company supports illegal immigration. His supporters even shredded their Macy’s credit cards and tens of thousands called to complain about the company’s cave to political correctness.
Trump himself also called for a boycott of the company.
Those who believe in tight border security, stopping illegal immigration & SMART trade deals w/other countries should boycott @Macys.
— Donald J. Trump (@realDonaldTrump) July 1, 2015
From the vantage of June 2016, it appears Trump has had the last laugh.
The onetime reality television star is now the presumptive Republican candidate for president of the United States. Meanwhile, Macy’s stock price has plummeted.
When Trump first called for the boycott on July 1, 2015, Macy’s stock price stood at $67.82 per share. In less than a year, the stock has lost more than half its value, now standing at just over $31 a share.
And the company’s problems go beyond its stock price.