Breitbart reports Trump’s tweet is devastating Nordstrom as retailer’s shares surge
Breitbart, the pro-Trump news website formerly run by current White House political strategist Steve Bannon, has posted a lengthy piece attacking Nordstrom, the luxury retailer that drew the president’s ire this week after announcing it would no longer sell Ivanka Trump’s clothing line.
The piece, which alleges that Nordstrom really is stopping sales of Trump’s clothing due to political reasons, falsely claims that President Trump’s tweet attacking the retailer on Wednesday wreaked havoc on the company’s share price.
“In response to Trump’s tweet — and the ongoing boycott of Nordstrom’s for the company’s political decision to cut Ivanka Trump’s line — Nordstrom’s stock tumbled on Wednesday,” the report claims.
Although there was a brief dip on Nordstrom shares on Wednesday, the company’s stock actually closed up by 4 percent on the day, as shares quickly recovered from Trump’s purportedly devastating tweet.