JULY TRADE NEWS Independent retailers are working hard to keep prices down Summer sales fail to help independent retailers Retailers resist pressure to go out of business Wholesaler praises Exeter's transport links Online system revealed to help local retailers Rural post office alternative does not have the funding to help businesses Independent retailers 'set to benefit from online sales boom' Suffolk market town to be transformed with new high street retail development Independent electric retailers struggle as sales slow Couple reveal joys of independent retailing Retail sales slump after May’s blip Small businesses urged to reduce energy usage Independents prepare for 3rd Vodafone boycott Government plans welcomed by retailers Independent booksellers join forces to compete Better training for retail workers Large firms take advantage of small wholesalers Sheffield authorities donate fake goods to overseas charity Economic downturn prompts calls for business rent change Falling sales hit business confidence CCTV 'can help retailers improve sales' Wholesaler uses government system to measure environmental impact Bosses 'don't feel they can take holidays' Niche service 'helped new business compete with national wholesalers' Midlands village ditches plastic bags Post office closures 'will hurt local retailers' eBay wins US court case over fake jewellery Retailers and residents join forces to protest new supermarkets Retail sales dip in June Retailer blames supplier after fake goods conviction Independent retailers boycott Vodafone Small business owners 'plan to stick with their companies for many years' Small businesses would have welcomed rate cut Businesses 'not surprised by rate hold' FSB calls for support for local retailers Small retailers 'increasingly face court over grey market goods' Around the world in a tea daze Politicians urged to always consider the smallest businesses Report warns small businesses fear recession Government looks to alter planning law to protect small retailers Small businesses are 'saving to guard against recession' UK sites handle £800m worth of fake goods every year Lack of disposable income 'could affect' retailers Yorkshire police link fake goods with drug trade Northern Irish retailers to fight Tesco plan UK business 'understand the importance of a good internet presence' Buggy manufacturers make it hard for retailers to sell online British consumers 'happy to buy fake goods' Kew retailers stop offering plastic bags More retailers 'will go bust this year' Welsh officials educate public on fake goods Attempts to save Devon post offices UK businesses threatened by rising fraud   Trade News Archive July 08 June 08 May 08 April 08 March 08 February 08 January 08 Subscribe to our newsletter   Go to The Wholesaler UK Directory 22nd July 2008   Large companies are taking advantage of small wholesalers A new report has suggested that larger companies are taking advantage of small-scale wholesalers and suppliers by not paying on time. The Federation of Small Business (FSB) said that larger firms were "exploiting" small suppliers by delaying invoice payments and imposing new terms and settlement fees. According to the pressure group, big businesses regularly delay payments to small wholesalers and suppliers by as much as 100 days. They often also change terms and conditions with little notice. The FSB explained that there was legislation that allowed small suppliers to charge interest on late payments. However, it added that small companies were often reluctant to do this, as they feared losing valuable contracts completely. "Big companies appear to be aware that small businesses are afraid of taking them on over payment terms and are abusing their power as a result," the FSB's national chairman, John Wright, commented. "At a time when small businesses are finding it difficult to deal with a slowing economy and rising costs, it is shocking that large companies think it is acceptable to use them as an unofficial source of credit." Recently, the This is Money website reported on one successful wholesaler who had decided to focus on a very niche market to compete with larger rivals. Vanquish Wine's owners explained that they were in a strong position precisely because they offered something larger companies could not.     (c) 2008 Adfero Ltd.   Comment on this news story To comment on any story please click on the above link, put the story title in the subject line and please provide your name, trading style ie. retailer or wholesaler and the town where you trade.