M&s Puts Squeeze On Suppliers With 60-day Payment Period

摘要

Marks & Spencer has lengthened its payment period to 60 days it has emerged as retailers pile pile pressure on their supply chains.rnConsultants close to the firm said terms had been extended from the industry benchmark of 30 days in order to cope with the tough economic climate.rnThe news comes a week after Building revealed Tesco had written to parts of its supply chainrndemanding a 20-50% discount in fees.