The struggling online shopping group THG said yesterday that its profits will disappoint for the third time in a year, blaming delivery disruption, contract delays and falling sales at one of its key divisions.
Read the full article on The Guardian website
NAM Implications:
- Pro-active suppliers will have calculated the incremental sales required to cover their loss should THG succumb.
- i.e. divide outstanding credit by net profit % and multiply by 100 = incremental sales required.
- Your call…
