(CNN)Macy's is pulling Donald Trump brand merchandise from its stores after the Republican presidential candidate's recent controversial remarks created a public uproar. The department store has come under intense pressure to cut ties with the real estate magnate and businessman after he referred to immigrants from Mexico and other countries "killers and rapists." In a statement Wednesday morning, Macy's said the company "stands for diversity" and that it had no tolerance for discrimination. "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," Macy's said. "In light of statements made by Donald Trump, which are inconsistent with Macy's values, we have decided to discontinue our business relationship with Mr. Trump and will phase-out the Trump menswear collection, which has been sold at Macy's since 2004."