Joules the latest retailer to ask suppliers for discounts

1847
Joules suppliers discounts
Joules revealed earlier this year that it will focus on expanding in the US
// Joules asks suppliers for discounts on spring 20 orders
// The retailer hopes discounts will offset the 25% US tariff on goods coming from the UK

Joules has asked its suppliers for discounts on spring 20 orders to help it incorporate a new tariff levied on goods moving from the UK to the US.

The fashion retailer asked suppliers to provide a discount on spring 20 orders to mitigate the 25 per cent US tariff on goods coming from the UK as well as the Sterling devaluation, Drapers reported.

Joules told suppliers the rebate request “does need to be met”.


READ MORE: 


Joules revealed earlier this year that it will focus on expanding in the US, outside of the wholesale market, adding that there is the likelihood of additional investment in marketing to US consumers.

Meanwhile, other retailers that have asked suppliers for discounts include Asos, which asked for a three per cent discount earlier this year on all invoices for stock received from September onwards.

In September, Sports Direct asked for one per cent off everything for “currency devaluation”.

Click here to sign up to Retail Gazette‘s free daily email newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here