Hundreds of jobs at risk as River Island takes axe to store base
UNITED KINGDOM, JUN 20 – River Island aims to cut costs after a 19% sales drop and £33.2 million loss in 2023, risking hundreds of jobs as it seeks rent reductions for 71 stores.
- River Island plans to close 33 of its 230 stores as part of a major restructuring plan.
- The store closures are due to declining high street sales and higher costs, leading to a £33.2 million loss in 2023.
- The restructuring involves a vote by creditors in August for fresh funding to aid the retailer's turnaround.
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Leaning Left10Leaning Right6Center80Last UpdatedBias Distribution83% Center
Bias Distribution
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83% Center
C 83%
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