November 23 2015
The Federation of Small Business has hit out at Debenhams in response to the retail giant writing to suppliers to demand a reduction of 1-2% in prices if they want to be paid 30-60 days early compared to their usual terms.
Mike Cherry, National Policy Director at the Federation of Small Business said:
“We are concerned and disappointed by this latest example of poor payment practices from Debenhams. It is time to put a stop to big businesses using their size and power to force small firms to accept late payment, excessively long payment terms, or demand automatic discounts simply for paying on time.”
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