HEMA takes measures to counteract weak sales figures
Last updated 7 years ago by UtrechtCentral.com
HEMA wants money back from certain suppliers for deliveries made in 2013 accountable for four percent of annual sales.Additionally, HEMA will be paying less for deliveries this year and from the 1st of April, the chain will also be extending their payment period to 120 days.
HEMA wants to break relations with one in five suppliers since the department store chain has been suffering from falling sales in the Netherlands. HEMA already terminated contracts with a number of suppliers last year. Moreover, 65 employees were let off in February.
Branch Union Vivo finds the plans ‘indecent’. “A supplier that sold stuff to HEMA last year for two million euro, is being asked to return eighty thousand euros. Suppliers may not agree, but that would cost them their relationship with HEMA,” said a spokesman.