Controversy Surrounding Saks Fifth Avenue Late Payments

Saks Fifth Avenue has been facing controversy over late payments to brands, leading to rumors and concerns about the retailer's financial stability. Brands have reported delays in receiving payments, with the delays getting longer over time. This has led to some brands considering Saks Fifth Avenue a credit risk, resulting in Merchant, a firm overseeing wholesale orders, no longer ensuring orders to the retailer. The late payments by an established luxury retailer raise questions about the industry's financial practices and its ability to maintain business relationships.