Supplier Sues Kohl's Over Markdown Deal; Clothing Maker Says Retailer Held Back Money
The Milwaukee Journal Sentinel › July 09, 2008
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Summary
A New York sportswear manufacturer is suing Kohl's Corp. for more than $4.8 million, claiming the department store chain unfairly held back payments for merchandise and stopped ordering from the company because it complained about the deductions.
The suit, filed by Fu Da International Ltd. in federal court in New York in June, offers a glimpse into a part of the business that retailers seldom talk about: their demands for markdown money from vendors to support the retailers' profit margins. Retailers routinely seek financial help from their suppliers when they have to mark down merchandise to sell itSee the full content of this document
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Supplier Sues Kohl's Over Markdown Deal; Clothing Maker Says Retailer Held Back Money
The Fu Da suit is the second action filed this year by a vendor against Kohl's over markdown deductions. L...
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