In a letter to suppliers, Debenhams said it was seeking a one-off fee from suppliers worth 2.5pc of its outstanding payments as of Tuesday. It will also apply a 2.5pc discount to orders it has agreed with suppliers.
Simon Herrick, the chief financial officer at Debenhams, said the discounts are a “contribution” to the retailer’s investment in new store openings and the £25m revamp of its flagship Oxford Street store.
Demanding a discount on goods already delivered…..