Bay urges suppliers to shun Eaton

Article Abstract:

Marina Hudson's Bay Co is appealing to suppliers not to provide goods to T Eaton Co Ltd which have become insolvent. Hudson's said in a letter that providing supplies to Eaton would have a negative effect on its business and would be contrary to a true partnership. While Hudson's merchants are willing to talk to suppliers regarding deals to buy Eaton's goods, they will not be willing to assume additional risk. Some suppliers see the letter as a threat in which they would lose their business with Hudson's if they continue to provide goods to Eaton.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Eaton takes longer to pay suppliers

Article Abstract:

Toronto, Canada-based T Eaton Company Ltd, a money-losing retailer, is taking longer to pay suppliers. This is causing concerns among suppliers, some of which are threatening to stop shipments of fall goods scheduled tp begin in mid-Jul 1999 unless they are fully paid. The company, which emerged from protection in late 1997, is looking to restructure its operations or seek a buyer, possibly Toronto-based Sears Canada Inc.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

'Wal-Mart effect' feeds grocer price wars

Article Abstract:

The decrease in profit reports by Canadian grocery giants amidst high expansion plans by Wal-Mart Stores Inc. are discussed. This industry is witnessing severe pricing competitions in recent times.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: