Claim: Macy’s removed SodaStream products from its stores because the products are made in disputed territory in Israel.
Example: [Collected via e-mail, October 2014]
Bowing to pressure from leftwing pro-Palestinian activists, Macy’s has decided to scrub Israeli-made SodaStream products from their shelves
The rumor’s first major appearance came on
Jim Charnier, an analyst at Monness Crespi Hardt, said he had been expecting a poor quarter because he learned early in September that Macy’s Inc. had stopped carrying SodaStream and saw other negative figures from the market. Yet he said that the company’s estimated revenue of Macy’s did not immediately return requests for comment.
SodaStream released only its revenue expectations of
Jim Charnier, an analyst at Monness Crespi Hardt, said he had been expecting a poor quarter because he learned early in September that Macy’s Inc. had stopped carrying SodaStream and saw other negative figures from the market.
Yet he said that the company’s estimated revenue of
Macy’s did not immediately return requests for comment.
While the quote in context seems to imply poor sales influenced Macy’s decision to sever its relationship with SodaStream, it was not backed by any comment from Macy’s or SodaStream about why products made by the latter company were being discontinued by the retailer.
SodaStream’s CEO commented on tepid earnings reports and suggested in May 2014 a weak holiday sales season and excess inventory (not political sentiment) had adversely impacted the brand’s revenues:
CEO Daniel Birnbaum blamed the 28% drop in U.S. sales on a weak holiday season, creating excess retailer inventory. SodaStream’s guidance for the year wasn’t as bad as the company sees revenue growth of 15% for the year, but just a 3% improvement in net income. Both projections were better than analyst estimates but are reflective of SodaStream’s growing pains.
If Macy’s dropped SodaStream to placate
Last updated: 24 October 2014
Bowman, Jeremy. “Macy’s and SodaStream Post Weak Sales as Dow Drops.” The Motley Fool. 14 May 2014. Farrell, Maureen. “SodaStream Losing a Lot of Its Pop.” The Wall Street Journal. 7 October 2014.
A Word to Our Loyal Readers
Support Snopes and make a difference for readers everywhere.
- David Mikkelson
- Doreen Marchionni
- David Emery
- Bond Huberman
- Jordan Liles
- Alex Kasprak
- Dan Evon
- Dan MacGuill
- Bethania Palma
- Liz Donaldson
- Vinny Green
- Ryan Miller
- Chris Reilly
- Chad Ort
- Elyssa Young
Most Snopes assignments begin when readers ask us, “Is this true?” Those tips launch our fact-checkers on sprints across a vast range of political, scientific, legal, historical, and visual information. We investigate as thoroughly and quickly as possible and relay what we learn. Then another question arrives, and the race starts again.
We do this work every day at no cost to you, but it is far from free to produce, and we cannot afford to slow down. To ensure Snopes endures — and grows to serve more readers — we need a different kind of tip: We need your financial support.
Support Snopes so we continue to pursue the facts — for you and anyone searching for answers.