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Small Vendors Cut Ties With Toys ‘R’ Us, Concerned They Won’t Be Paid
https://consumerist.com/2017/09/25/small-vendors-cut-ties-with-toys-r-us-concerned-they-wont-be-paid/
While some suppliers of bankrupt toy mega-chain Toys ‘R’ Us are desperate to make sure that the chain stays in business, others are taking the opportunity to stop dealing with the mega-chain. That’s because they’ve already shipped thousands or millions of dollars’ worth of merchandise to the deeply indebted retailer that they may never be paid for.
Reuters spoke to one toy distributor, Product Launchers, that recently delivered an order of $500,000 worth of fidget spinners with licensed DC Comics characters on them. The company’s CEO says that she doesn’t expect to be paid for the order, and that she has halted business with Toys ‘R’ Us, even when some of the up-and-coming toymakers that the company distributes for were hoping to sell items there.