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Stiffed vendors get tough with retailers after big losses

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As U.S. retailers celebrate a boom lifting one of the pandemic’s hardest-hit sectors, scars left by a year of bankruptcies and delayed vendor payments could threaten to undermine their recovery – just as the crucial back-to-school shopping season begins.
After watching their receivables mount last year, vendors of apparel and other goods demanded change. In order to ship, many began requiring payment upon delivery of the goods or even in advance, according to people with knowledge of the demands, which were made of distressed and healthy clients alike. For merchants, that’s a big cash drain at a time of great uncertainty. ....

Perry Mandarino , Michael Mcgrail , Angelo Gordon , Lynn Whitmore , Gap Inc , Macy Inc , Tiger Capital Group , Paper Source Inc , York Based Angelo Gordon , Well Fargo Commercial Capital , Paper Source , பெர்ரி மாண்டரினோ , மைக்கேல் ம்க்கிரைள் , ஏஞ்சலோ கோர்டந் , லின் விட்மோர் , இடைவெளி இன்க் , மேஸீ இன்க் , புலி மூலதனம் குழு , காகிதம் மூல இன்க் , யார்க் அடிப்படையிலானது ஏஞ்சலோ கோர்டந் , காகிதம் மூல ,

Stiffed Vendors Get Tough With U.S. Retailers After Big Losses

Stiffed Vendors Get Tough With U.S. Retailers After Big Losses
By Lauren Coleman-Lochner and Eliza Ronalds-Hannon | May 4, 2021
As U.S. retailers celebrate a boom lifting one of the pandemic’s hardest-hit sectors, scars left by a year of bankruptcies and delayed vendor payments could threaten to undermine their recovery just as the crucial back-to-school shopping season begins.
After watching their receivables mount last year, vendors of apparel and other goods demanded change. In order to ship, many began requiring payment upon delivery of the goods or even in advance, according to people with knowledge of the demands, which were made of distressed and healthy clients alike. For merchants, that’s a big cash drain at a time of great uncertainty. ....

Eddie Lampert Sears , Dan Wilchins , Michael Mcgrail , Lynn Whitmore , Perry Mandarino , Michael Stanley , Angelo Gordon , Nordstrom Inc , Ross Stores Inc , Gap Inc , Tiger Capital Group , Paper Source Inc , Vendors To Belk Inc , Kohl Corp , Macy Inc , York Based Angelo Gordon , Well Fargo Commercial Capital , Paper Source , Sycamore Backed Belk , Eddie Lampert , எட்டி லாம்பர்ட் ஸியர்ஸ் , மைக்கேல் ம்க்கிரைள் , லின் விட்மோர் , பெர்ரி மாண்டரினோ , மைக்கேல் ஸ்டான்லி , ஏஞ்சலோ கோர்டந் ,