Data from business intelligence firm Creditsafe shows Peloton, Saks, Express and Bath & Body Works have routinely failed to pay their vendors on time. If relationships with vendors sour, it can in some cases be an early sign a company is in financial distress. Creditsafe's insights are based on trade payment data, or a company's payment history with its suppliers, and doesn't represent a company's total trading profile.
A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in Washington, D.C., on Nov. 21, 2023.In the months before Bed Bath & Beyond declared bankruptcy last April, the former home goods titan was trapped in a crushing cycle. The retailer had beenon time, if at all. During the pivotal holiday season, some began requiring payment when goods were delivered or refusing orders altogether, which left Bed Bath unable to stock shelve