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Macy’s and J.C. Penney Are Among Retailers Delaying Vendor Payments—Jeopardizing Upstream Fashion Suppliers

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Retailers are shooting themselves in the foot by choosing not to pay vendor invoices on time, particularly as those ripple effects work their way upstream. Nearly a month after most apparel and footwear retailers temporarily shut down their store operations amid government-mandated social-distancing guidelines, companies including J.C. Penney Co. Inc. and Macy’s Inc. have continued…

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