C&A fully compensates apparel suppliers for all pre-corona orders
Dusseldorf, 29 October 2020 – C&A lives up to its commitment to do its utmost to support apparel suppliers during the COVID-19 crisis. C&A has ensured 100% compensation for all orders previously put on hold and has been placing new orders despite the economic headwinds the fashion industry is facing across Europe.
C&A guarantees payment of all pre-corona orders that were in shipment, already produced or in production, at the original price and according to agreed payment terms. In addition, suppliers are compensated for all pre-corona orders for which production had not yet started, either financially or by placing new orders utilizing raw materials that had already been purchased.
This way, C&A has ensured compensation of its suppliers for all orders that had been put on hold at the beginning of the crisis as a precautionary measure in the face of the complete shutdown of all of the company’s 1.400 stores across Europe. Furthermore, many suppliers are supported through C&A’s supplier finance system in cooperation with the company’s partner bank.
„Actions speak louder than words. We have taken concrete actions to support our suppliers. We greatly value our suppliers with whom we have built strong and close relationships over many years. Our aim was to leave none of our suppliers alone during this global crisis,“ said Martijn van der Zee, Chief Merchandise and Sourcing Officer from C&A.
With more than 1,400 stores in 18 European countries and around 31,000 employees, C&A is one of Europe’s leading fashion retailers. Every day, C&A welcomes more than two million visitors to its stores in Europe and offers quality fashion at affordable prices for the whole family. In addition to its European stores, C&A is also present in Brazil, Mexico and China. For further information, please visit our website: www.c-a.com.
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