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Suppliers Grow Wary of U.S. Retailers

Bankruptcies have hit manufacturers hard.

By Jodi Xu Klein, Lauren Coleman-Lochner and Steven Church, Bloomberg | Updated on April 24, 2017

When a group of disgruntled shoe manufacturers assembled in China earlier this year, they put up signs with messages in English, hoping they would be seen by Americans 7,000 miles away: “Payless Sucks.”

The footwear suppliers had lost patience with the soon-to-be-bankrupt Payless Inc. chain, which they said owed them hundreds of millions of dollars. In frustration, they held the meeting to assess their options: enlist the Chinese government to push for payment, try to block shipments from Payless’s Xiamen warehouse to the U.S., or sue Payless in American courts.

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