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When Your Traveling Vendors Want to Put Their Merchandise in Your Safe
August 22, 2007
My rep from Scott Kay Sterling came to NC to visit the store and go over the line with me. He told me he’d be running a little late because he was over at another retailer, “I have to lock my merchandise in their safe and I’ll be right over,” he said.
It never crossed my mind that vendors would consider leaving their merchandise in their retailer’s safes. What happens, if god forbid, the retailer’s store is robbed and the vendor’s merchandise is stolen as well?
It is obvious, the retailer has insurance, but enough to possibly cover an additional high-end diamond bridal line too? Do you call your insurance company the same day and increase your insurance? Do you even offer to do such a thing? Is this common practice?
Posted by Shanu Singh Guliani on August 22, 2007 | Comments (4)