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Most retail has net 90 day payments and forced returns where manufacturers have to accept unsold product. Walmart and other big retailers likely have little mo
by treis 6y ago
Most retail has net 90 day payments and forced returns where manufacturers have to accept unsold product. Walmart and other big retailers likely have little money tied up in inventory. They sell a product before they have to pay the manufacturer for it.
- rudiv 6y agoWalmart is specifically famous for having some of the most onerous terms amongst all large retailers. Anecdotally, Walmart has asked for net 270 terms from a supplier I am accquainted with.
- Spooky23 6y agoWalmart is tough on terms but meets obligations. I worked on a farm in high school that sold would sell them Fall stuff — pumpkins, cornstalks, etc. They would pay net-10, which was unheard of, most of their big buyers habitually paid late. The local grocery chain would pay 60-90 days late on a 30 day invoice. The cash in hand was worth sometimes losing a little money.