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Ivanka at Trump Tower in November / AP's Evan Vucci

The Wall Street Journal has the the internal Nordstrom documents on sales of Ivanka Trump's fashion line. The bottom line: sales were off 26% year-over-year in Jan. They fell as much as 70% in the weeks before the election.

What Nordstrom said last week: "Over the past year, and particularly in the last half of 2016, sales of the brand have steadily declined to the point where it didn't make good business sense for us to continue with the line for now."

Why this matters: the Trump administration criticized Nordstrom for pulling the line, saying it was politically motivated. Well it was politically motivated: by consumers shunning a brand that had taken on political baggage.

Go deeper

Mike Allen, author of AM
1 min ago - World

Scoop: Trump's spy chief plans dire China warning

Xi Jinping reviews troops during a military parade in Beijing last year. Photo: Thomas Peter/Reuters

Director of National Intelligence John Ratcliffe on Thursday will publicly warn that China's threat to the U.S. is a defining issue of our time, a senior administration official tells Axios.

Why it matters: It's exceedingly rare for the head of the U.S. intelligence community to make public accusations about a rival power.

Ina Fried, author of Login
20 mins ago - Technology

Tech's race problem is all about power

Illustration: Eniola Odetunde/Axios

As problematic as the tech industry's diversity statistics are, activists say the focus on those numbers overlooks a more fundamental problem — one less about numbers than about power.

What they're saying: In tech, they argue, decision-making power remains largely concentrated in the hands of white men. The result is an industry whose products and working conditions belie the industry rhetoric about changing the world for the better.

Mayors fear long-lasting effects of COVID-19

Data: Menino Survey of Mayors; Chart: Axios Visuals

U.S. mayors tend to be an optimistic bunch, but a poll released Thursday finds them unusually pessimistic about prospects for post-pandemic recovery.

Why it matters: In a survey of mayors of 130 U.S. cities with more than 75,000 residents, 80% expect racial health disparities to widen, and an alarming number predict that schools, transit systems and small businesses will continue to suffer through 2021 and beyond.