Newspaper retail round up

A round up of retail stories in the papers this week… VAT, John Lewis, Cath Kidston, Asda, N Brown, Tesco

VAT may be applied to groceries

Shoppers could face paying VAT on items which are currently exempt including groceries, books, newspapers and children’s clothes, as officials consider introducing the tax as a means to reduce the national deficit.

John Lewis bonus expected to be 14%

Staff at John Lewis and Waitrose are expected to receive a bonus equalling 14% of their annual salary, as the retail group reveals strong full year results.

Morrisons expected to report 16% profit

Morrisons is expected to report 16% increase in full-year profits this week. The supermarket is also thought to be developing a retention package for finance director Richard Pennycook in a move to keep him on board.

From The Telegraph

Cath Kidston to sell stake

Cath Kidston is in talks to sell part of her stake in her retail business to American buyout firm TA Associates in a deal that values the business at £100m.

N Brown to launch menswear brand

N Brown, the online and catalogue retailer, is launching a menswear brand called Williams & Brown which will include professional and casual wear, for men aged 45 to 60.

Tesco beaten by eco-store

A small town in Norfolk that has battled against Tesco arriving in its neighbourhood for 14 years has opted for a local eco-store run by Waitrose instead.

From The Times

Asda shoppers to enjoy 100-day returns

Asda is introducing a 100-day returns policy for its George clothing brand in a move that rivals Marks & Spencer’s generous returns policy.

From The Guardian


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