Supermarkets or High Street Retailers- where’s the difference?

Supermarkets or High Street Retailers- where's the difference?

I’ve recently received an invitation to a symposium in July to discuss the Competition Commission’s recent proposal to set up a Grocery Ombudsman to check on the affairs of the big supermarkets. After its inquiry into the grocery trade, it was the CC’s view that some large supermarkets are responsible for transferring ” excessive risk and unexpected costs” on to their suppliers.
It should be interesting to find out how Peter Freeman, Chairman of the CC and Keynote Speaker at the symposium, is going about setting up a new Supermarket Code of Practice and the Grocery Ombudsman position itself.
However, I read in the Sunday Times last week about Debenhams extending its payments to suppliers to 96 days amid claims that trading conditions “are deteriorating”. Debenhams join B&Q, Boots Alliance and Selfridges among other high street giants, in a list of companies that believe it’s perfectly OK to pass on any pain to suppliers in order to safeguard their own profit margins. In this respect, there doesn’t seem to be much difference between the supermarket chains and other high street outlets. Maybe the supermarkets are right to moan about the fact they are facing the introduction of an Ombudsman to scrutinise their dealings with suppliers, whilst other retailers down the road from them are free to adopt similar tactics without fear of reprisal from the authoriies. Who said life was fair? Ask any trade supplier!

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article