Wilko changes payment terms

Homewares and general retailer Wilko has delayed payments to its suppliers as it looks to manage cash.

The chain has told suppliers that bills due between 11 September and 8 October will be paid a month later.

It has also changed its terms so suppliers will be paid in a minimum of 60 days, according to the Sunday Times.

Earlier this month it told landlords it would pay rent monthly, rather than quarterly.

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