Retailers have found a way to compensate for the loss of the trade act

Retailers have figured out how to compensate for the loss of the trade act. Thus, X5 Retail Group, which includes Pyaterochka, Perekrestok and Karusel, plans to move to the net purchase price (excluding bonuses) payable, writes “Kommersant” with reference to the company.

The profitability of X5, in its plan, should remain at the level of 2-3%, and prices should not rise. The company now went on the net purchase price with 2.4 thousand from 6 thousand providers. X5 also suggested parts suppliers to reduce prices due to the reduction of the deferred payment and the rejection of the rebate (award for purchase volume), told the newspaper two sources in the food market. According to them, the X5 offers partners deduct 10% rebate of the purchase price without VAT, with the figure calculated from the cost of the purchase including VAT. Another 0.25% is proposed to subtract the count of the acceleration of the payment of the goods. One of the interlocutors of the newspaper said that under such circumstances he will have to reduce the purchase price by 12%. Only the provider will not receive 1.9 percent of the value of the contract with the retailer after the changes, said one of the sources.

The owner of the company “Honey house” Anton Georgiev said that the losses of his company from the law on trade will be 1.1%. However, he did not call network, which has offered such conditions. To reduce the purchase price by 0.5% at the expense of reduction of payment delay also asked Billa, says another source of the newspaper.

Amendments to the law on trade designed to limit additional payments to networks of providers, to reduce delay in payment of the delivered goods, to increase the penalties for violation of the Russian legislation. In particular, they limit the amount of benefits that networks charge providers, at the 5% level. This amount includes a rebate, logistics, marketing, advertising, etc. thus now only the rebate may be 10%, says “Kommersant”.

The authors of the document, including the Deputy of the state Duma Irina Yarovaya stressed that the changes are intended to improve the situation of producers. Amendments adopted by the state Duma and the Federation Council, in July, was signed by President Vladimir Putin.