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Debenhams criticised over canvassing for discounts on early supplier payments

Nov 23, 2015 - The Guardian (London)

The Federation of Small Businesses has criticised Debenhams after it emerged that the department stores chain was asking for discounts in return for receiving earlier payments.

Debenhams wants a reduction of between 2-3% in suppliers' prices in exchange for making payments 30 to 60 days earlier. It is the second time in three years that the retailer has proposed changes to suppliers' terms in the run-up to Christmas.

The federation accused Debenhams of poor payment practice. "Busin...