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Hundreds of jobs at risk as River Island takes axe to store base
UNITED KINGDOM, JUN 20 – River Island aims to cut rents by up to 75% for 71 stores and close 33 underperforming locations to address a 19% sales drop and £33.2 million loss in 2023.
- On Friday , River Island announced plans to close 33 stores across the UK and Ireland, with hundreds of jobs at risk.
- Chief Executive Ben Lewis cited the well-documented migration of shoppers from the high street to online, adding the sharp rise in the cost of doing business over the last few years.
- The formal restructuring process, developed with PwC, includes employee consultations and renegotiating lease terms for 71 stores.
- Hundreds of jobs are at risk, Cllr Ann McCoy said with local concerns highlighted.
- Pending High Court approval, the Eagles Meadow store in Wrexham is scheduled to close before January 18, 2026, and a court hearing in August will decide plan approval.
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Leaning Left10Leaning Right6Center93Last UpdatedBias Distribution85% Center
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C 85%
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