Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace

What makes the dollar strong?

Aug 23, 2019

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
This Is Uncomfortable
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy

Ivanka Trump is shutting down her clothing company

Associated Press Jul 24, 2018
Share Now on:
Ivanka Trump waves to the crowd as she walks on stage to deliver a speech during the Republican National Convention on July 21, 2016 at the Quicken Loans Arena in Cleveland, Ohio.
Joe Raedle/Getty Images

Ivanka Trump’s clothing company is shutting down after some stores dropped her line and she decided ethics restrictions were holding back its ability.

In an email to CNBC, Ivanka Trump said: “When we first started this brand, no one could have predicted the success that we would achieve. After 17 months in Washington, I do not know when or if I will ever return to the business, but I do know that my focus for the foreseeable future will be the work I am doing here in Washington, so making this decision now is the only fair outcome for my team and partners.”

The New York Post reported that staff have been informed that they’re being laid off.” The Wall Street Journal is also reporting the closure.

Ivanka Trump, who is a senior adviser to her father, President Donald Trump, has recently been encouraging U.S. companies to pledge to hire American workers. Her company has been accused in the past of using foreign workers to make its products abroad.

Views on the brand have become highly polarized and it has faced boycotts from anti-Trump protesters.

With sales flagging by some measures, Nordstrom dropped the Ivanka Trump line last year and recently Hudson Bay reportedly did the same.

The company has also come under attack by government ethics experts for trademarks granted by foreign governments such as China seeking to curry favor with the president.

“Views on the brand have become highly polarized and it has become a lightning rod for protests and boycotts,” said Neil Saunders, managing director of GlobalData Retail. “While the company is still viable, doing business has become far more challenging and these problems will only increase.”

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.