No...sorry...can't abide buy hanging your suppliers out. What the management are doing are acting like accountants and not retailers. Masters cocked up with Dulux and Dulux stopped supplying Masters.
I think it is a very poor, not thought through and taking the easy path to increase cash flow. Why is it that Coles can pay their supplier within 10 to 30 days and Woolies has to blow this out to 60 days. Rule number 1....don't piss your suppliers off, Rule numbers 2&3, follow rule number one.
Fresh food producers will find it very, very difficult to stay afloat on a sixty day rule. The shiny bums at Woolies have to do better. This is just crap, if of course it is true.
No...sorry...can't abide buy hanging your suppliers out. What...
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