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Activity:
Question posted: 07 26 2012 10:30:05 +0000,
0 answers, 114 views, last activity
07 26 2012 10:30:16 +0000
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Greetings!
I am very keen to understand how does Retailing work in Fashion & apparel. Although i do have knowledge of the functioning i have some stumbling doubts which i'm seeking if you could pour light upon.
How does a Fashion brand/line retail its range at a mutli-brand retailer - lets say for example Lifestyle or marks & spencer??
Does the retailer only earn on the mark-up they add to the cost they buy from the vendor - which is the brand? Or are there any charges for retailing that the brand needs to pay initially?
Most importantly, what are ideal payment terms with vendor-retailer in the indian market. Net 30 days or N 60 or above? Or is Credit cards acceptable? Or Cash on delivery?
What is ideal for both the parties to ensure timely payments?
Please advice. Thanks in advance!!
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