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As much as Best Buy did, since they required vendors to reimburse them for markdowns and unsold investory. We receive vendor allowances for various programs, p
by RC_ITR 5y ago
As much as Best Buy did, since they required vendors to reimburse them for markdowns and unsold investory.
We receive vendor allowances for various programs,
primarily volume incentives and reimbursements for specific
costs such as markdowns, margin protection, advertising
and sales incentives. Vendor allowances provided as a
reimbursement of specific, incremental and identifiable
costs incurred to promote a vendor’s products are included
as an expense reduction when the cost is incurred. All other
vendor allowances, including vendor allowances received in
excess of our cost to promote a vendor’s product, are
initially deferred and recorded as a reduction of
merchandise inventories.
- 2OEH8eoCRo0 5y agoWhy does Best Buy require vendors to reimburse them for markdowns and unsold inventory? Why doesn't Apple do the same?