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In 2013, a store bearing the Ivanka Trump name opened at a fancy mall in downtown Beijing. At the time, she said the Trump brand had garnered a lot of interest in China because the culture is “very sympatico with how our brand is positioned.” A statement published in the Mandarin edition of Vogue declared that each new boutique in Asia would haul in $3 million in sales its first year and grow 20 percent to 25 percent annually. The Beijing store quietly shut its doors last year. Travel with us, drive with us, eat with us. Luxury branding generally requires exclusivity. Labels that want to sell high-end goods while also occupying the Macy’s Inc. outlet racks risk tarnishing the luster of the former in favor of higher sales of the latter. When a brand is too available—especially at off-price venues such as T.J. Maxx—the value of the entire name can shift. Of the high-end department stores that were once home to Ivanka Trump’s products, only Bloomingdale’s remains. Meanwhile, dozens of styles of Trump shoes and handbags are available online, ranging from $50 flats for toddlers to $250 leather tote bags.
For the original version including any supplementary images or video, visit https://www.bloomberg.com/news/articles/2017-05-30/rich-people-don-t-want-ivanka-trump-s-fashion
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