Contract is honored & commercial integrity is maintained ??
"Excellenct service , customer is king", "contract is honored, commercial integrity is maintained" are the promises that a department store must achived. It is not only an important strategy for business operation but also a crucial factor for the success of a department store. But where is these promises now ?
"Contract is honored, commercial integrity is maintained" refer to the relationship between department stores and the suppliers. Especially the promises of department stores to their suppliers. Now it is gone during the contract is performed, which in particular can be revealed by the payment settlement. In general, payment settlement for department store is "by the end of the month" or "payment vs salesment per month". In fact, it is usually delayed or neglected during operation. Is "contract-honored & commercial integrity maintained" ?
Lim Ying Ying Ltd. Until now, the longest delayed payment time of department store owing to Lim Ying Ying Ltd is up to 18 months, the shortest is up to 3 months.When can the delayed payment be settled?
A ranked list of department stores which can not pay to Lim Ying Ying Ltd.
on time :
| Rank | Name of the Department Stores |
No. of Days delayed for payment |
| 1 | Zhengzhou Aisa Wucai Shopping Plaza Ltd. | 1071days |
| 2 | Wuhan Tianhe Commerce Ltd. | 957days |
| 3 | Jianxi Hualian Commecial Building | 919days |
| 4 | Jianxi Hualian Jinde Tower Muzhi Store | 763days |
| 5 | Zhengzhou Garden Commercial Building | 617days |
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