Irish Times halts supplies as Dunnes Stores reverts to “cheque is in the post” system
Feb 25th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Irish Times said on Tuesday, that it had suspended supplies to Dunnes branches following the decision of the retailer to stop honouring standard terms and conditions relating to payment for newspapers which The Irish Times applies to all newsagents. The biggest Irish-owned retailer has reverted to "the cheque is in the post" system, which enables it to stretch credit through delaying payment.