Nike, Other Major Brands Report Millions In Bad Debt Charges As Retailers Struggle To Pay
PYMNTS
JULY 15, 2020
The impact of COVID-19 on retailers is obvious as companies report plummeting sales, but the pandemic has also delivered a blow to the middlemen, which include makers of apparel and accessories, The Wall Street Journal reported. Typically, retailers have 30 days to pay for products provided on credit. Others, such as J.
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