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Headline

Asos asks suppliers for discount

Comment

Very very poor, a default borrowed from failing business's. As mentioned nothing to do with fuelling growth just a cheap way to reap back lost forecast profit. Really thought that Asos were better than this with their own clear strategy, clearly not which is worrying for brands/suppliers alike, not to mention that this may tip some over the edge into insolvency given the many knocks that they have suffered in the last 12 months. The common misconception that brands/suppliers can afford is a deeply flawed concept and it is a sad indictment of the industry that one of the stalwarts of E-tail thinks that this is acceptable. In effect they are saying we need some of your money to fuel our growth, don't worry you will benefit, sounds very very familiar, i can hear an echo coming from Debenhams and Arcadia etc etc and we all know what's happening there, not growth but an actual fight survival and brands/suppliers not knowing if they will even get paid, truly demoralising for all concerned and i include buyers in this.

Posted date

20 August 2019

Posted time

1:08 pm

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