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Coronavirus: Urban Outfitters invokes force majeure clause

// Urban Outfitters declines the delivery of goods on purchase orders & cancels all undelivered orders
// Any products with freight forwarders will be discounted by 30%

In a bid to protect the business amid the Covid-19 pandemic, Urban Outfitters has told suppliers it can no longer accept delivery of goods on orders, and will cancel all undelivered orders.

Drapers reported that the fashion retailer also told creditors that any products with freight forwarders will be discounted by 30 per cent.

In a letter from Urban Outfitters European managing director Emma Wisden to suppliers, which was seen by Drapers, the retailer said that under the exceptional circumstances it would have to “regretfully invoke the force majeure provision of our contract and cancel all undelivered POs as of today.”

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The retailer stated it was aware the decisions would have significant financial implications for both companies but that they have little alternative amid the outbreak.

Amid the developing coronavirus outbreak, retailers such as Primark, new Look and Arcadia Group have also had to cancel orders indefinitely.

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The post Coronavirus: Urban Outfitters invokes force majeure clause appeared first on Retail Gazette.



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