Saks Global is playing the waiting game again.
The retailer — which has been on the hot seat for slow and past-due payments to vendors for more than a year — finds itself at least temporarily on Hilldun Corp.’s “do not approve” list.
“They skipped two weeks of payments,” said Gary Wassner , chief executive officer of the factoring firm, in an interview on Tuesday.
Wassner stressed that the nonpayment “wasn’t just out of the blue.”
“They asked if they could skip one week for specific internal reasons,” he said. Hilldun continued to sign off orders and Saks “ended up over their credit limit.”
Factors are financial go-betweens that help keep the money flowing in fashion. They pay brands up front for shipments to stores and then collect the money from the retailer later. If vendors s

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