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Article: Former vendors claim Dillard's owes them money.
- Article from:
- Arkansas Business
- Article date:
- October 21, 2002
- Author:
CopyrightCOPYRIGHT 2002 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Three federal lawsuits filed against Dillard's Inc. allege that the Little Rock department store chain routinely gave itself discounts and credits against vendor bills.
An attorney for Dillard's, Paul Schroeder, declined to comment on the cases, which seek to collect a total of $16.7 million. But in its court filings, Dillard's claims it had oral agreements with the vendors that allowed the retailer to take credits if merchandise didn't bring a specific profit margin when it was sold to the public.
"These are not simple collection actions between two parties but complex actions involving Dillard's relationship with third-party manufacturers and a ...