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14 Nov 2009 12:25


Biz: Wal-Mart’s supplier credit-rating program genius, say smart people

  • I would expect a retailer’s credit quality always to be taken into account when a firm is lending money against that retailer’s receivables. If a vendor is owed the money by Wal-Mart that is very different than if a vendor is owed the money by [bankrupt] Linens N Things, for example.
  • GimmeCredit analyst Carol Levenson • Describing how Wal-Mart’s new policy, which allows suppliers to get credit on the back of the company’s very strong credit rating, is genius. Obviously, not every supplier can count on retailers to bail them out like this. But many are in a position to do the same thing, including Target, Kohl’s, TJX Cos. (the parent of TJMaxx, Marshall’s and other similar stores), Home Depot, Lowe’s and Walgreens. Considering that suppliers are likely in the tank in this economy, this could save them. • source

11 Mar 2009 01:55


Tech: For those looking to hop on the Apple tablet PC rumor mill …

  • … here’s your evidence. The Taiwanese supplier of Apple’s multitouch screens for its iPhone recently received an order for 10″ screens, according to a source. In case you heard a absurdly excited sound off in the distance, that was a bunch of Apple fanbois freaking-da-eff-out on the prospect of a Netbook from Apple. source