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Zappos has negative working capital? Are their inventory turns that fast? I'd be interested in your source, if available, just out of curiosity. Getting negati
by mediaman 17y ago
Zappos has negative working capital? Are their inventory turns that fast?
I'd be interested in your source, if available, just out of curiosity. Getting negative WC for a retailer is pretty impressive, although credit cards certainly help. I seem to remember Amazon also having negative WC.
- pegobry 17y agoActually retailers by definition have negative working capital: their customers pay upfront while they pay their suppliers after 30/60/90 days. Which is why retailing is such a great business (see Wal-Mart).