|
Last Updated: Monday, November 16, 2009
Wal-Mart offers vendors a way to faster payment
Associated Press Financial Wire
November 14, 2009 Wal-Mart Stores Inc., the world's biggest retailer, is offering its clothing vendors a faster way to get paid that could change how struggling retailers and vendors do business together. Wal-Mart, based in Bentonville, Ark., told its more than 1,000 clothing suppliers this month that they can be paid within 10 to 15 days of delivering goods instead of the customary 60 to 90 days, but a Wal-Mart spokesman declined to say how much the suppliers must give up for the quicker payout. Vendors are likely glad for a faster payday as demand from struggling retailers falls. Read more.
Click the links below to add this entry to social networking sites.
|
|
|