Manufacturers are taking added precautions to assure payment from Sears in the wake of the retailer’s insolvency warning this week.
“Sears Holdings Corp’s (SHLD.O) disclosure that it could lack the financial strength to continue as a going concern is turning attention to the key difference maker for any cash-strapped retailer: vendors. Suppliers to Sears told Reuters they are doubling down on defensive measures, such as reducing shipments and asking for better payment terms, to protect against the risk of nonpayment.”
