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Ivanka Trump clothing line sales soar by 61% in 2016

The results appear to contradict Nordstrom’s stated reason for dropping the Ivanka Trump line.

Image: Olivier Douliery/PA Images

SALES OF IVANKA Trump’s clothing collection soared by nearly 61% in 2016, the company that manufactures products for the US President’s daughter’s line and other brands said this week.

The figures from the G-III Apparel Group cover wholesale revenue from February 2016 through January 2017, the company said in a recently released annual report.

That means it did not have data for February, when the department stores Nordstrom and Neiman Marcus dropped Trump’s clothing and accessories under pressure from the “Grab Your Wallet” boycott campaign, which maintains a list of companies that sell products or support her father.

The stores’ decision prompted a controversy during which Trump’s counselor Kellyanne Conway called on viewers during a television interview to buy Ivanka Trump merchandise.

Critics said her comments highlighted the conflicts of interest of a White House run by the billionaire businessman advised by family members.

Trump US Jordan Ivanka Trump and senior adviser Jared Kushner arrive for a news conference Source: Andrew Harnik

Ivanka Trump products generated revenue of $47.3 million (€44.5 million) in the reporting period, compared with $29.4 million (€27.7 million) the previous year.

The G-III Apparel Group – which also produces clothes for Calvin Klein, Tommy Hilfiger, Levi’s and Karl Lagerfeld – said the Ivanka Trump brand is among the top three that contributed to an increase in its operating profit.

That amounted to $840.9 million (€792.5 million), against $836.8 million (€788.7) the year before.

Still, the Ivanka Trump brand represented only 1.97% of G-III Apparel’s total revenues.

But the results appear to contradict Nordstrom’s stated reason for dropping the Ivanka Trump line. The retailer had cited falling sales.

© – AFP 2017

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