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By Alex Lennane
A war of words seems to have broken out between the Wall Street Journal and Sears, the US retail chain. WSJ has claimed that Sears’ “weakened financial position is putting stress on its supply chain” – and that some of Sears’ suppliers are seeking – and have received – faster payment terms to counteract the risk of supplying to the retailer, which has had a “dismal holiday season that rattled its vendors”. The CFO of Sears has replied in a blogpost “why would [paying a vendor early] be a bad thing if we can afford to do so and we get a discount or other benefit from doing it?”
