The Arcadia Group is not making itself more popular amongst its suppliers. The Group, which counts Topshop and Miss Selfridge amongst its high street chains, will extend its supplier payment terms from 30 – 60 days from the 1 st of August.
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The company will also impose an additional 1% discount on all product from landed UK suppliers. The discount for Evans, Dorothy Perkins, Miss Selfridge, Outfit, Topshop and Wallis will increase to 14.25%, while Burton and Topman discounts will rise to 11.25%. Arcadia group finance director Paul Budge said the restructure was necessary to maintain the company’s market share and point of difference.