President Trump’s feud with Nordstrom (JWN) has turned out to be neither good nor bad for the luxury department store chain, so far at least.
Earlier this month, the president took to twitter to complain that Nordstrom had treated his daughter Ivanka “so unfairly” for dropping her fashion line from its stores, a move the retailer ascribed to weak sales for her merchandise.
In response to a question on conference call Thursday to discuss Nordstrom’s quarterly results, Co-President Peter Nordstrom called the impact on sales “negligible,” adding that it was “not really discernible one way or the other.”
After Trump’s tweet, Nordstrom’s stock surged to many people’s surprise.
My daughter Ivanka has been treated so unfairly by @Nordstrom. She is a great person — always pushing me to do the right thing! Terrible!
— Donald J. Trump (@realDonaldTrump) February 8, 2017
