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President Trump and MyPillow CEO Mike Lindell at the White House in March. Photo: Mandel Ngan/AFP via Getty Images

Retailers including Bed Bath & Beyond, Kohl's and Wayfair have stopped selling My Pillow products after Trump-supporting CEO Mike Lindell pushed baseless claims of voter fraud in the 2020 presidential election.

Driving the news: Lindell told NBC News Tuesday the retailers phoned him to say they could face "a boycott" if they didn't take the action. But Bed Bath & Beyond and Kohl's have both said the decision was related to a lack of demand for My Pillow's products.

  • Lindell insisted to Fox9 that "leftists" on social media were behind the moves, which he claimed also resulted in HEB dropping My Pillow products.

What they're saying: Axios has contacted all of the retailers for comment. Bed Bath & Beyond told the New York Times in a statement: "We have been rationalizing our assortment to discontinue a number of underperforming items and brands."

  • Kohl's told USA Today in a statement: "There has been decreased customer demand for MyPillow. We will sell our current inventory and not buy additional/future inventory in the brand."

Of note: The retailers' action comes a day after Dominion Voting Systems sent a cease and desist letter to Lindell over his spread of misinformation related to the 2020 election.

Go deeper

Jan 26, 2021 - Podcasts

Reddit is running Wall Street

Wall Street is locked in a battle of will between professional investors who live in Greenwich and amateur investors who congregate on Reddit. So far, the amateurs are winning, judging by increases in their chosen stocks, like GameStop and Bed, Bath & Beyond.

Axios Re:Cap goes deeper into what's really happening, the mechanics of stock "shorting" and what it means for the markets' future, with Axios chief financial correspondent Felix Salmon.

Erica Pandey, author of @Work
1 hour ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.