Macy's Cuts Ties with Donald Trump

Macy's is ending its 11-year partnership with Donald Trump, in response to uproar from Hispanic consumers who are upset with his remarks about Latinos during his presidential campaign announcement.

"Macy's is a company that stands for diversity and inclusion," the company said in a statement on Wednesday. "We welcome all customers, and respect for the dignity of all people is a cornerstone of our culture. We are disappointed and distressed by recent remarks about immigrants from Mexico."

In a separate statement, Trump said he was the one who decided to terminate the partnership, citing "the pressure being put on [Macy's] by outside sources." Trump also said that he has "never been happy about the fact that the ties and shirts are made in China."

The partnership's end comes after more than 728,000 people signed a petition on MoveOn.org asking Macy's CEO Terry Lundgren to "dump Trump." And on Tuesday, online Latino organization Presente.org issued a statement saying it "demand Macy's take a stand against discrimination."

-RW