Wholesalers Attempt to Fight Off ‘Bad Debt’, Restructure Payment Deals – Sourcing Journal

Apparel suppliers and manufacturers throughout the COVID-19 pandemic have been hit particularly hard as many of their retail clients either missed, canceled or deferred payments for goods. Major apparel wholesalers have been eating the costs of these failed payments and have had to write them off in the form of “bad debt,” including Nike, PVH,…