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John Lewis Reveals How Quickly it Pays Vendors

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

The John Lewis Partnership pulled back the curtain on how quickly it pays suppliers. Thirty-seven percent of vendors supplying its retail group John Lewis Plc are compensated within 30 days, the British commerce enterprise reported Monday, while 53 percent are paid between 31 and 60 days. What’s more, 10 percent wait more than 61 days…

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