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Morrisons gears up to close Rathbones bakery business, 400 jobs at risk

Retail Gazette

Morrisons is getting ready to close its Rathbones bakery, putting 400 staff members at risk of redundancy. On those at risk of redundancy, the spokesperson said “we will do everything we can to help those colleagues affected, including investigating whether there are any other suitable roles elsewhere in the group.”

Grocer 105
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Castle & Cooke Secures $140 Million Financing for Crossings at Corona Retail Center in California

Shopping Center

Castle & Cooke has received $140 million in financing for Crossings at Corona, a retail center located in Corona. Delivered in 2005, the property totals 833,995 square feet.… Corona, Calif.

Finance 59
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Australian label Princess Polly opens its first physical store in the US

Inside Retail

Established in 2005 by husband-and-wife team Wez and Eirin Bryett, the Gold Coast brand sells on-trend women’s clothing for predominantly Gen Z consumers. Australian fast-fashion brand Princess Polly has expanded in the US opening a flagship store in Los Angeles.

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Zambrero founder sues former CEO

Inside Retail

A former medical student turned entrepreneur, Prince founded Zambrero in 2005 and brought Cook on board four years later. The company is seeking an injunction to have Stuart and Samantha Cook “permanently restrained” from making statements about his role at Zambrero. Stuart and Samantha Cook’s lawyer is Marlia Saunders at Thomson Geer.

Finance 263
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Zambrero founder sues former CEO

Inside Retail

A former medical student turned entrepreneur, Prince founded Zambrero in 2005 and brought Cook on board four years later. The company is seeking an injunction to have Stuart and Samantha Cook “permanently restrained” from making statements about his role at Zambrero. Stuart and Samantha Cook’s lawyer is Marlia Saunders at Thomson Geer.

Finance 259
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Sephora to open 20 UK stores as it ramps up expansion

Retail Gazette

Speaking to the newspaper, he said: “We’re probably looking in the next two to three years to have at least 20 stores in the UK.” CEO Guillaume Motte insisted he wanted to double the size of the company in Britain by launching new shops as well as expanding its online channel, The Times reported.

Planning 111
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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. Myer’s total sales grew 12.2 per cent to $3.36