Suppliers Are Feeling Retail’s Pain, Too

It’s as though a memo went out to the entire retail world. Retailers big and small, healthy and distressed, have issued a chorus of letters and phone calls to their suppliers, canceling shipments and asking for longer payment terms. “Every single one of our retail partners over the course of the last six weeks has come to [us] for help,” Sandra Betterson, general manager of accessories supplier Chateau International, said in an interview. “Every single retailer that had product going out in March, April, May, June has either canceled their orders or put every single thing on hold.” Read more at Retail Dive.