Tag: Trump brand

Trump’s prized Doral resort is in steep decline, according to company documents, showing his business problems are mounting

Late last year, in a Miami conference room, a consultant for President Trump’s company said business at his prized 643-room Doral resort was in sharp decline.

At Doral, which Trump has listed in federal disclosures as his biggest moneymaker hotel, room rates, banquets, golf and overall revenue were all down since 2015. In two years, the resort’s net operating income — a key figure, representing the amount left over after expenses are paid — had fallen by 69 percent.

Even in a vigorous economy, the property was missing the Trump Organization’s internal business targets; for instance, the club expected to take in $85 million in revenue in 2017 but took in just $75 million.

View the complete May 15 article by David A. Fahrenthold and Jonathan O’Connell on The Washington Post website here.

Trump Tower condo prices crash as the president’s toxic brand drives occupancy rates into the ground: No one wants to buy ‘in that building’

President Donald Trump is not a popular man in his home state of New York — and condo prices at his signature Trump Tower in Manhattan are reflecting just how toxic his brand has become.

Bloomberg News reports that most of the Trump Tower condos that have gone on the market since 2016 have been sold at a loss. In fact, property records show that “several” Trump Tower condos have sold at losses of more than 20 percent.

Michael Sklar, who sold his parents’ Trump Tower condo at a loss when adjusted for inflation, tells Bloomberg that it’s very hard for condo owners to find willing buyers.

“No one wants in that building,” he explained. “The name on the building became a problem.”

View the complete May 14 article by Brad Reed of Raw Story on the AlterNet website here.

Trump’s Brand

The following article by Carl-Martin Nelson was posted on the TrumpAccountable.org website July 25, 2017:

I know a few things about brand.

Very simply put, a brand is a promise that a company makes to its customers or clients. The difficulty with brand is less about articulating a brand – what a company stands for and the promises made to customers – the most challenging part of brand is consistently delivering on those promises. Ask a restaurant owner or manager how difficult it is to hire and train staff to make sure the restaurant experience is consistently outstanding. Between janitorial services, food suppliers, prep cooks, chefs, hosts, and waitstaff there are dozens of ways brand promises can fall short every single day. Actually, every hour things can go wrong and the manager or owner is charged with rallying her employees to understand and live the brand in every single possible interaction with the customer. Continue reading “Trump’s Brand”

Trump lashes out at Nordstrom in a tweet for dropping his daughter’s apparel line

The following article by Sarah Halzack was posted on the Washington Post website February 8, 2017:

In January, days before President Trump’s inauguration, his daughter Ivanka Trump declared that she’d be stepping away from her management role at the clothing and shoe brand that bears her name.

And yet, on Wednesday, the president lashed out on Twitter at department store Nordstrom over its decision to stop carrying Ivanka Trump products, saying his daughter “has been treated so unfairly” by the retailing giant. Continue reading “Trump lashes out at Nordstrom in a tweet for dropping his daughter’s apparel line”

Eric Trump’s business trip to Uruguay cost taxpayers $97,830 in hotel bills

The following article by Amy Brittain and Drew Harwell was posted on the Washington Post website February 3, 2017:

Eric Trump and members of his entourage walk outside La Huella, a beachfront restaurant, during a private business trip in early January to Punta del Este, Uruguay. (Cristian Cordoba)

When the president-elect’s son Eric Trump jetted to Uruguay in early January for a Trump Organization promotional trip, U.S. taxpayers were left footing a bill of nearly $100,000 in hotel rooms for Secret Service and embassy staff.

It was a high-profile jaunt out of the country for Eric, the fresh-faced executive of the Trump Organization who, like his father, pledged to keep the company separate from the presidency. Eric mingled with real estate brokers, dined at an open-air beachfront eatery and spoke to hundreds at an “ultra exclusive” Trump Tower Punta del Este evening party celebrating his visit. Continue reading “Eric Trump’s business trip to Uruguay cost taxpayers $97,830 in hotel bills”