Federation of Small Businesses attacks department store for seeking 1-2% cut in supplier prices before ChristmasThe Federation of Small Businesses has criticised Debenhams after it emerged that the department stores chain was asking for discounts in return for receiving earlier payments.
Debenhams wants a reduction of between 1-2% in suppliers’ prices in exchange for making payments 30 to 60 days earlier. It is the moment time in three years that the retailer has proposed changes to suppliers’ terms in the escape-up to Christmas. Related: Supermarket price war squeezes small supplier profit margins by a third Continue reading...
Source: theguardian.com