Are Trump Businesses in a Slump?

By Jeralyn, Section Trump Administration
Posted on Tue Jul 24, 2018 at 03:30:07 PM EST
Tags: (all tags)

Share This: Digg!

Ivanka Trump today announced she will close her clothing business. It was down to 18 employees. The boycotts of her clothes had a big effect. Other companies decided to stop carrying her line due to slumping sales.

The company, based in New York’s Trump Tower, had been dropped by retailers such as Nordstrom due to flagging sales. Its dresses, shoes and handbags — all of which were made in foreign countries such as China and Indonesia — also conflicted with her push for more jobs in the United States.

...“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.”

But it's not just Ivanka's business that seems to be in a slump. Remember Scion, the new hotel line Trump's sons were going to open (more affordable and planned for several mid-western cities)? Not a single one has been opened. [More...]

Sales data on Trump-branded condominiums in New York City show them attracting lower prices than competing properties since Donald Trump became president. Meanwhile, the Trump Organization’s plans to dramatically expand its hotel portfolio in the United States have failed to progress, having opened no hotels under its announced “Scion” and “American Idea” brands.

Even Mar-a-Lago numbers are down:

....data on other Trump properties including the the Mar-a-Lago resort in Florida show signs of price drops as sports teams and charities move their business elsewhere.

Trump's name was taken off properties in Panama City (Panama), Toronto, and Soho (New York), and some residential buildings in New York.

In addition:

Sales data on Trump-branded condominiums in New York City show them attracting lower prices than competing properties since Donald Trump became president.

I've always believed the best way to get Trump out of office is to convince him his businesses are failing without him. As I wrote last week about his attempt to butter up Putin:

Since the election, his businesses have been under-performing, in large part due to the untalented offspring who are in charge of running them. I think Trump is completely and selfishly focused on how he's going to make money once he is separated from his desk in the oval office. He has never cared about the welfare of the United States.

The key to getting rid of Trump is to make him want to leave. Showing him how much his little foray into politics is costing him -- and that it's likely to go from a drip to a deluge may be the best way.

< Trump and Cohen Call: Rudy Says Trump Waives Privilege | Thursday Open Thread >

Legal

Nothing on this site should be construed as legal advice. TalkLeft does not give legal advice.

TalkLeft is not responsible for and often disagrees with material posted in the comments section. Read at your own risk.

Are Trump Businesses in a Slump? | 33 comments (33 topical)

Readers Must Login or Create an Account to Comment

I (5.00 / 2) (#2)
by FlJoe on Tue Jul 24, 2018 at 06:17:44 PM EST

think tRump is fkd in any case. I think his business and entire wealth is a house of cards floating on celebrity and laundered Russian money.

If justice is served his name will be dirt for centuries (remember Benedict Arnold) and the Russian money will certainly go elsewhere to avoid scrutiny.

It's a fair bet that once he leaves the oval office, his creditors both fair and foul will come calling and not leave without their pound of flesh.

: I agree. (none / 0) (#3)
by Ga6thDem on Tue Jul 24, 2018 at 08:16:54 PM EST

It is all built on a house of cards and there's no substance. It's all a big con. When this is all said and done and the Russian money dries up he's probably not going to have a whole lot left.

: I agree (none / 0) (#33)
by linea on Fri Jul 27, 2018 at 01:15:40 AM EST

Re: `I think his business and entire wealth is a house of cards floating on celebrity and laundered Russian money.'
I believe his love for Russia is based on the monies he has recieved from Russian Mafia money-laundering connected to his construction projects and that he is a simpleton with no understanding of the facts of Russian belligerence or geopolitics generally.

Emoluments case can proceed (5.00 / 3) (#12)
by CaptHowdy on Wed Jul 25, 2018 at 11:40:49 AM EST

Sez a federal judge

: link to WaPo article on emoluments lawsuit (none / 0) (#27)
by leap on Wed Jul 25, 2018 at 11:02:40 PM EST

is here
I wonder how far this will go? So far, Drumphth has been high-resistence Teflon©®.

Putin (5.00 / 1) (#17)
by KeysDan on Wed Jul 25, 2018 at 04:22:33 PM EST

was not ready to accept Trump's invitation to come to Washington in fall. Putin was not about to jeopardize his investment, even though Trump was giving America the finger after so many critiques of his Helsinki debacle. Pompeo thought it was of "enormous" value, but it was not to be...Bolton said not until after the first of the year...after the Witchhunt waa over (he got his brownie points in). Another Trump humiliation at the hands of Putin.

Maybe, after the first of the year, but keep your calendar flexible.

Oh no... (none / 0) (#1)
by desertswine on Tue Jul 24, 2018 at 05:44:25 PM EST

And just a few days after the White House Made in America Product Showcase! I feel so sorry for the Fascist Princess.

Will Ivanka (none / 0) (#16)
by KeysDan on Wed Jul 25, 2018 at 04:01:24 PM EST

be deep sixing her coffin sales?


: I'm definitely being cremated now (none / 0) (#23)
by Militarytracy on Wed Jul 25, 2018 at 05:13:30 PM EST

Before someone sticks me in an on sale Ivanka coffin forever.

So, whaddaya think, GA6? (none / 0) (#4)
by Peter G on Tue Jul 24, 2018 at 08:54:00 PM EST

about Stacey Abrams -- African American female Yale Law grad Democrat -- vs Trumper Kemp for governor of Georgia? What are her chances?

About zero (5.00 / 1) (#7)
by Ga6thDem on Wed Jul 25, 2018 at 06:30:32 AM EST

the way things stand right now. This is the best rundown of the situation. Even though it was written before the runoff yesterday it's a pretty accurate rundown of the governor's race.


: I don't think they are zero (none / 0) (#9)
by CaptHowdy on Wed Jul 25, 2018 at 07:35:05 AM EST

And I've been waiting for GA6 (none / 0) (#5)
by Towanda on Tue Jul 24, 2018 at 10:37:07 PM EST

to share thoughts about Jason Spencer.


: I forgot to add, as GA6 has taught us (5.00 / 1) (#6)
by Towanda on Tue Jul 24, 2018 at 10:38:40 PM EST

. . . Jason Spencer, bless his heart.

: What is there to say? (5.00 / 1) (#8)
by Ga6thDem on Wed Jul 25, 2018 at 06:33:40 AM EST

David Ralston the speaker of the house asked Spencer to resign and apparently he did yesterday. Spencer already lost in the primary. Kudos to his GOP opponent who took him out in the primary for comdemning Spencer and apologizing to all those who were offended by Spencer.
The story of Spencer is that it should be no suprise he went along with Borat. This is the guy who has proposed or supported tons of fundamentalist legislation in the GA house.

: My brain is still trying to process the (5.00 / 1) (#10)
by vml68 on Wed Jul 25, 2018 at 07:43:41 AM EST

Jason Spencer video. I kept thinking "this can't be real?". My husband had a similar reaction, he said "no one is that stupid".
I guess we were both wrong.

Not Much Loss Except Perhaps for the Laid Off 18 (none / 0) (#11)
by RickyJim on Wed Jul 25, 2018 at 10:06:17 AM EST

In her financial disclosure report made public in June, Trump stated she made $12 million last year, with $5 million coming from her clothing label, which is currently overseen by a trust.

I can hardly wait for a Democratic Congress to enact a wealth tax.

Yeah. It's not like (5.00 / 2) (#29)
by Chuck0 on Thu Jul 26, 2018 at 09:57:24 AM EST

anyone in the Bone Spurs clan employs Americans. Anything they have manufactured is overseas. And they tend to only hire imported help at the resorts.


: One wonders (none / 0) (#30)
by Zorba on Thu Jul 26, 2018 at 03:04:25 PM EST

If all the help at the Trump resorts/golf clubs are legal.
Just sayin'.

Pompeo (none / 0) (#13)
by CaptHowdy on Wed Jul 25, 2018 at 01:53:15 PM EST

Is about to be questioned in the Senate

It's weird (5.00 / 1) (#24)
by Militarytracy on Wed Jul 25, 2018 at 05:15:57 PM EST

But Pompeo is beginning to resemble Pompey to me from that old series Rome.


That's exactly what I thought! (5.00 / 1) (#28)
by desertswine on Wed Jul 25, 2018 at 11:08:11 PM EST

Great minds...


Ah, but there's only one real (none / 0) (#31)
by Jeralyn on Thu Jul 26, 2018 at 05:19:46 PM EST

Pompeo, and he's Pompeyo, a loyal bodyguard in Senor de Los Cielos. (He's on the left. I also love "Rojo" AKA Red, who's on the right.)


: Another Pompeyo? (none / 0) (#32)
by Militarytracy on Thu Jul 26, 2018 at 08:41:02 PM EST

I might have to delve into some cartel entertainment.

Wow (none / 0) (#14)
by CaptHowdy on Wed Jul 25, 2018 at 02:08:50 PM EST

Corker comes out swinging and slashing

Won't try to quote. You need to hear it.


This might be (none / 0) (#15)
by CaptHowdy on Wed Jul 25, 2018 at 02:32:07 PM EST

Wait, what's it called ..

Over.. over.. overSIGHT.

not sure. It's been a long time.


Pompeo is a fast talking slick guy (none / 0) (#18)
by fishcamp on Wed Jul 25, 2018 at 04:23:15 PM EST

who is not at all intimidated by any of the senators, so far. He doesn't let them talk over him, but I'm not sure he speaks the truth. Just sayin'.


Pompeo comes across (5.00 / 1) (#20)
by KeysDan on Wed Jul 25, 2018 at 04:58:15 PM EST

as a used car salesman, and that may be used car salesman libel. He probably sees himself as a future Republican president, he is over his head.


: The Freedumb Caucus (none / 0) (#26)
by CaptHowdy on Wed Jul 25, 2018 at 07:23:11 PM EST

Just dropped articles of impeachment against Rosenstein.

Yes (none / 0) (#19)
by CaptHowdy on Wed Jul 25, 2018 at 04:44:41 PM EST

But at least they are having what could at least loosely be described as an "oversight hearing"

They say more are planned on Russia by this and other committees

While there is clear a CYA aspect I think a fair number of them are finally genuinely freaked out.


Did any senator (none / 0) (#21)
by KeysDan on Wed Jul 25, 2018 at 05:02:34 PM EST

ask if Trump briefed (with translator notes if necessary) Pompeo on his talk and agreements with Putin at Helsinki?


: They did (none / 0) (#25)
by CaptHowdy on Wed Jul 25, 2018 at 05:53:28 PM EST

Sam Seder just said an interesting thing. Paraphrase - Pompeo doesnt know what he is talking about the senators know this and Pompeo knows they know and they know he knows they know, so this whole thing was about publicly saying
None of have a fu@king clue what happened in that meeting and that is very serious and unacceptable

Did any senator (none / 0) (#22)
by KeysDan on Wed Jul 25, 2018 at 05:05:46 PM EST