GoKawiilToys 'R' Us vendors balk at 180-day payment terms for 120-store rollout
Go! Retail Group, operating Toys 'R' Us under license from WHP Global, is asking suppliers to accept payment terms of up to 180 days as it plans to open 120 new stores by Thanksgiving, according to the New York Post. That's well beyond the industry-standard 30 to 90 days, and some toymakers say they're wary given the chain's 2017 bankruptcy and 2018 liquidation. Basic Fun CEO Jay Foreman criticized the terms publicly, while Go! Retail CEO Gideon Schlessinger said he has seen no vendor hesitation.