Coronavirus: TK Maxx extends supplier payment terms

// TK Maxx extends supplier payment terms by 90 days
// The group closed all stores on March 19 and shut online operations last weekTK Maxx has reportedly extended supplier payment terms by 90 days after closing its online store last week amid the coronavirus outbreak.
In a letter to suppliers, TK Maxx parent group TJX Europe chief buying officer Roger Bannister said the TJX organisation and its vendor community is facing unprecedented times as the Covid-19 situation unfolds daily, Drapers repor