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Walmart-Owned Asda Demands 50% Discount on Canceled Orders: ‘Take It or Leave It’

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

Arcadia Group isn’t the only fashion company threatening to cancel production orders if it doesn’t receive deep discounts from clothing manufacturers. George, the clothing arm of British supermarket retailer Asda, is reportedly offering suppliers 50 percent toward the price of canceled orders on a “take it or leave it” basis, despite the fact that many…

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