TK Maxx rides roughshod over suppliers

TK Maxx rides roughshod over suppliers

TK Maxx has taken the punitive action of extending its supplier payment terms from 30 days to 120 days without allowing for consultation or negotiation.  It informed its suppliers via a letter from its chief buying officer Roger Bannister. The retailer has also cancelled orders from a number of suppliers, including those which manufacture lines specifically for its stores.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

X
X