Colin Campbell on the fortunes of the Macy’s that dared to fire Donald Trump:
Real-estate tycoon Donald Trump took a mocking jab at Macy’s on Thursday, a day after the department-store giant announced plans to eliminate thousands of jobs… Macy’s said it would eliminate 4,500 jobs, or 3% of its workforce, after disappointing holiday-season sales.
Trump’s tweeted response?
@Macys was one of the worst performing stocks on the S&P last year, plunging 46%. Very disloyal company. Another win for Trump! Boycott.
Thousands of people lost their jobs.