Retailers downgrade outlook, as inflation and high inventories bite
Amazon yesterday reported a Q2 net loss of $2bn, which it said was in part ...
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By Alex Lennane
It’s hard not to link this story about Monsoon squeezing its suppliers with the press release sent earlier today announcing a new contract with Allport. But apparently the clothing and accessories retailer told all suppliers last year that it wanted a 4% reduction while extending the payment terms to 90 days. The Forum of Private Business is up in arms.
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