I was chatting with a friend over Christmas. She is the finance director for a UK fashion distribution business that deals with some cool brands. Apparently an average of 105 debtor days is the norm for them. So they may get their Christmas revenues in about Easter time then.
Today I saw an interesting article in The Daily Telegraph about how the behaviour of a few celebrities or a Royal can change fortunes. Look at this for an example:
Hunter, which lost £300,000 on sales of £4.3 million in 2006, made a £16 million profit on sales of £56 million in 2010.
You can read more about this here:
And so £300 a pair for boots seems to be the new going rate! Excellent.