Miss Universe 2010 Ximena Navarrete and business mogul/TV personality Donald Trump attend the Success by Trump fragrance launch at Macy's Herald Square on April 18, 2012 in New York City. Getty Images Macy's has reportedly cut ties with real-estate mogul and Republican presidential candidate Donald Trump after 700,000 people have signed a petition.

CNN's MJ Lee reports that the company will remove Trump's merchandise from its stores.

"We are disappointed and distressed by recent remarks about immigrants from Mexico. We do not believe the disparaging characterizations portray an accurate picture of the many Mexicans, Mexican Americans and Latinos who have made so many valuable contributions to the success of our nation," the company said in a statement.

Trump said it was his decision to sever ties with Macy's, saying he was upset that many of his products were made in China.

We've reached out to Macy's for will update if we hear back.

NBC cut ties with Trump for calling Mexican immigrants rapists and drug runners. Those comments stemmed from a speech in which he announced his intention to run for president.

"Macy's has a special deal with Donald Trump. Trump is their de facto spokesperson," according to the petition on MoveOn.org. "They invest in developing Trump's brand, promote him in advertising, and sell his clothing line and fragrance at their locations. In the past, they have held major Trump-focused events at Macy's Herald Square."

Trump's clothing collection, which features primarily business clothing, included $70 dress shirts and $65 ties.

Macy's also sold Trump's fragrance, which is called "Success."

Trump has also been featured in a Macy's commercial.

Two years ago, people petitioned Macy's to fire Trump after he made comments that were allegedly sexist and denied the existence of climate change.

At the time, Macy's CEO Terry Lundgren defended Trump, saying "ours is a free society compromised [sic] of a wide range of viewpoints," according to The Huffington Post.

Other retailers who carry Trump's merchandise include Overstock.com and Amazon.