Exclusive: Ross Stores tells vendors it will cancel merchandise orders through mid-June
By Editor - Thu Mar 26, 1:21 pm
“This is the first time in our history that we are unable to deliver exceptional merchandise to our customers,” the memo, which was reviewed by Reuters, reads. The Dublin, California-based discount store operator said it would also extend payment terms on all existing merchandise payables by 90 days. Last week, Ross Stores announced it would temporarily close all Ross Dress for Less and dd’s DISCOUNTS locations throughout the U.S. from March 20 through April 3.
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