The entire fashion industry, including Bestseller, is facing one of its biggest challenges ever.
Bestseller’s partnership with its suppliers is invaluable to them, therefore the necessary time is being taken to have an individual dialogue with all suppliers globally. With some factories, Bestseller holds 80% of the capacity – with others, we are a less significant buyer. Many Bestseller have worked with for over 20 years and others they have started collaboration with more recently. It is not possible, nor would it be fair, to have one set agreement across the Bestseller supply chain. This is why Bestseller’s sourcing and buying teams have been in close discussions with all suppliers over the past three weeks. Through understanding their business needs and the specific situation they are in, Bestseller have worked hard to try to find common solutions to bring both businesses through this economic crisis, and specifically to take crucial and necessary action to ensure workers’ salaries can be paid.
Bestseller is committed to accept all orders from Spring/Summer that have been produced or are in the process of being produced. BESTSELLER have not cancelled orders unless it has been in agreement with the given supplier. Bestseller is reconfirming and still placing orders for Autumn, although a reduction in some volumes are sought to prevent over-production. There is a projected sales drop and to its best ability it has to forecast the demand in the market, and to what level it will recover.
Bestseller’s Global Sourcing Director in Bestseller, Michael W. Schultze, has stated: “We will do our utmost to live up to our commitments and take delivery of garments already made and those in production. We are aware of our responsibility and we are in close dialogue with each of our suppliers on how to handle the current crisis. We have to get through this situation by collaboration and in partnerships with our suppliers”.
