The data for REEBOK INTERNATIONAL LIMITED shows a steady trend in the average time taken to pay invoices to suppliers. In the first half of 2019, the average time was 16 days, with 74% of invoices paid within 30 days and 20% paid between 31 and 60 days. However, 6% of invoices were paid later than 60 days, indicating a slight delay in payments. The company did not have any invoices not paid within agreed terms during this period.
There is not enough data provided to conduct a volatility analysis for REEBOK INTERNATIONAL LIMITED. However, the consistent lack of data suggests a stable trend in the company's average time to pay invoices.
In summary, REEBOK INTERNATIONAL LIMITED has a consistent trend in the average time taken to pay invoices to suppliers. The company has shown a slight delay in payments, with 6% of invoices paid later than 60 days in the first half of 2019. However, no data was provided for the subsequent periods, making it difficult to draw any conclusions about the company's payment practices.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 28 Jan 2021 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 05 Mar 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 15 Aug 2019 | 16 | 74% | 20% | 6% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Reebok International Limited’s standard payment terms for the majority of our suppliers are 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Should a dispute regarding an invoice arise, the supplier is generally contacted by email or via a phone call by a member of our finance team. To resolve the issue, the supplier is required to provide a corrected invoice and send it back to our electronic inbox. Telephone calls can be arranged if the supplier thinks it will be beneficial to do so. Should a dispute regarding payment arise, the supplier should contact our accounts payable team accountspayableriluk@reebok.com. All queries are investigated and resolved in the most timely and expedient manner for both parties. Our internal target is to respond to supplier queries within 48 hours.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Reebok International Limited is a global sportswear company that designs, manufactures, and distributes athletic and lifestyle footwear, apparel, and accessories. The company was founded in 1958 and is headquartered in Boston, Massachusetts.
Sustainability is at the core of Reebok's business strategy and the company has several initiatives in place to reduce its environmental impact. This includes using sustainable materials in their products, implementing energy and water conservation measures in their operations, and promoting recycling and waste reduction.
Reebok offers a wide range of products for various sports and activities, including running, training, and yoga. They also have a lifestyle line that focuses on casual and fashionable designs. Their products are known for their quality, comfort, and performance.
The company is led by President Matt O'Toole and is a subsidiary of the German sportswear giant, Adidas. Reebok has a team of ambassadors and sponsored athletes, including UFC fighter Conor McGregor and tennis player Garbine Muguruza, who promote their products and values.
Customers can visit Reebok's website to browse and purchase their products, as well as learn more about their sustainability efforts. The company also has a strong presence on social media platforms, such as Instagram and Twitter, where they engage with their customers and promote their latest products and campaigns.
The registered office address for Reebok International Limited is at Stockley Park, London, UK. The company's website is www.reebok.co.uk, where customers can find more information about their products, sustainability program, and contact details.