pressured to dump Trump

By Joe Kovacs, the popular online retailer, is reportedly under pressure from shareholders to stop selling products associated with Donald Trump, the presumptive Republican nominee for president.

According to the New York Post, a group claiming to represent 1,500 Amazon shareholders has asked CEO Jeff Bezos to end its marketing of Trump shirts, hats, ties and other products promoting the Trump campaign.

“This isn’t about politics: Donald Trump’s misogyny, racism and outright bigotry are dominating the political news cycle,” shareholder group UltraViolet said in a letter to Bezos.

The letter noted the continued presence of Donald Trump products “poses a risk to Amazon’s reputation.”

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A spokesman for Amazon, which holds its annual shareholder meeting May 17, declined to comment to the Post.

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This isn’t the first time Trump has caused angst among the business community.

Last year, Macy’s removed Trump’s menswear line from its department stores after the candidate referred to some Mexicans as “rapists.” Serta and NBC also cut ties with Trump.

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Regarding Macy’s, CNBC reported Tuesday some bad news for the chain, stating:

“Macy’s investors may not want to count on the beleaguered department store making its much-needed recovery in the first quarter.

“According to fresh estimates from Retail Metrics, Wall Street expects the big-box chain to report declines in four major metrics – earnings per share, operating income, revenue and comparable sales – in what would be a disappointing kickoff to the new fiscal year.

“Ken Perkins, president of Retail Metrics, said Macy’s is expected to earn 38 cents a share in the recently ended quarter when it reports earnings before the opening bell Wednesday. That would represent a decline of nearly 50 percent from the prior-year period. Retail Metrics is also calling for a year-over-year operating income decline of 40 percent, a 4.4. percent drop in revenue, and a comparable-sales slide of 3.2 percent.”

The CNBC report did not mention if Macy’s actions with Trump were thought to have been a factor in the company’s downturn.

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