Newspaper retail round up
A roundup of this week’s retail news: M&S, Borders, Asda, Dorothy Perkins, Tesco
Mark Price tipped for M&S job
Waitrose managing director Mark Price is one name in the frame to replace Marc Bolland as Waitrose CEO now the latter is jumping ship to Marks & Spencer, according to reports.
Borders on verge of collapse
Borders is teetering on the brink of administration after WH Smith walked away from a rescue deal. The retailer was subject to a management buyout in July backed by private equity firm Valco
From The Sunday Times
George at Asda to keep VAT at 15%
Asda clothing boss Anthony Thompson has pledged not to add the VAT increase to existing stock on 1 January when the rate returns to 17.5%. He said the George at Asda range would stay at 15%.
Caprice signs supply deal with Tesco and Dorothy Perkins
Lingerie model Caprice has signed contracts with Dorothy Perkins and Tesco to stock her underwear range. She will launch online with Dorothy Perkins this week and her clothes will be in its retail outlets and Tesco by January.
From The Mail on Sunday
No Tesco bank acocunts until 2011
Tesco may not start offering current accounts until 2011, the retailer has told analysts. However, it has said that it could introduce mortgages by the end of next year.
From The Financial Times
