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Tuesday, April 11, 2017

SALES OF IVANKA TRUMP PRODUCTS SOARS BY 61 PERCENT IN 2016

Sales of Ivanka Trump ’ s clothing collection soared by nearly 61 percent in 2016 , the company that manufactures products
for the president ’ s daughter’ s line and other brands said on Monday .

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 Donald .

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 .

Ivanka Trump products generated revenue of $ 47 . 3 million in the reporting period , compared with $ 29 . 4 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 , against $ 836 . 8 million the year before .

Still, the Ivanka Trump brand represented only 1 . 97 percent 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 .

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