Department Store Wars
Fashion People
00:00
Navigating Financial Complexities in Retail
This chapter explores the challenges faced by retailers in managing financial obligations after an acquisition, particularly concerning payment terms and partner relations. It highlights the contrasting recovery paths of Saks and Hudson's Bay post-pandemic, emphasizing liquidity issues and the evolving payment landscape in the luxury market. The discussion also addresses vendor agreements and the importance of collaboration between department stores and brands to sustain healthy partnerships.
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