Retail industry bitten by the economic crisis

  • 2009-08-06
  • By Ella Karapetyan
TALLINN - Financial problems are growing at an alarming rate even for large retailers and their suppliers. Small- and medium-sized retailers see their cash flows drying up. Businesses are scrambling to make sales, and seek ways to enhance business processes and performance. Suppliers who provide products to big garment manufacturers and retail chains are getting hurt. The way the industry operates, sales are made at the beginning of the month, and various discounts are offered to buyers, at approximately the time when people receive their salaries. Now, at the end of the month, it is poss...
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