Local Store Among 33 River Island Shops Set to Close
UNITED KINGDOM, JUN 25 – River Island will close 33 stores and risk hundreds of jobs due to losses from online shopping migration and rising costs, aiming to secure long-term viability through restructuring.
- Last month, River Island proposed closing 33 of its 230 stores by January next year, as part of a restructuring plan.
- Facing rising operating costs, River Island faced challenges, noting the migration of shoppers online has misaligned its store portfolio.
- Dependent on landlord talks, 71 stores face rent cuts, while River Island employs around 5,500 people.
- Hundreds of jobs are at risk, and the Birstall branch at Junction 27 retail park is among those set to close.
- If the plan is rejected, River Island could be unable to pay its debts by the end of August, and must secure more funding later this year to avoid disappearing from the high street.
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Full list of River Island stores set to close
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