Birthdays go Bust

Clintons has today placed their loss making chain of card shops, Birthdays, in to administration.

What is interesting that a couple of years ago we were approached by Clintons to supply them with our knitted toys. We talked a bit until we came to their terms and conditions. Payment terms 90 days, full sale or return, discounted prices, additional 2% rebate for marketing and individual store deliveries with no minimum order quantity

You won't be surprised to know that we did not work with them

However with these sort of terms and conditions how can you make a loss? Can you imagine how successful your business would be if you had these terms and conditions with your suppliers? No clearance to worry about, cash flow eased and higher margins

But perhaps the reason they went bust is that not many suppliers with popular products would supply them under these terms and conditions. You end up with a lot of cheap products which no one wants!