Tuesday, April 28, 2020

Kohl’s, Macy’s, Gap, Belk Are Among The Retailers Delaying Payments To Their Suppliers

Forbes
Landlords and employees are not the only people getting stiffed by retailers desperate to conserve whatever cash they can get their hands on.

They are now also telling their suppliers the check is most certainly not in the mail.

With their stores closed and revenue at just a fraction of pre-pandemic levels, many of America’s big retailers are struggling to find a way to survive the coronavirus economic collapse.. . . more