Which River Island stores are closing down?

River Island is closing 33 stores across the UK, including locations in Aylesbury, Brighton, Edinburgh, and London.

Why is River Island closing stores?

The closures are due to a business restructuring aimed at addressing heavy losses, a shift to online shopping, and rising operating costs.

How many River Island stores will remain open?

Following the closure of 33 stores, 122 River Island stores will continue to operate nationwide.

Home / Business and Economy / River Island Shutters 33 Stores Amid Restructuring

River Island Shutters 33 Stores Amid Restructuring

10 Dec

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Summary

River Island plans to close 33 stores by the end of January.
The business restructuring aims to address heavy losses and online shift.
Over 200 shops and 5,500 staff are employed by the family-owned retailer.

River Island, a well-established UK high street clothing retailer, is proceeding with plans to shut down 33 of its stores by the end of January. This decision is part of a broader strategy to restructure the family-owned business, which has been grappling with substantial financial losses.

The chief executive of River Island highlighted that the company's extensive store portfolio is no longer aligned with current customer needs, largely due to a significant rise in online shopping. This, coupled with a sharp increase in the cost of doing business, has created a considerable financial strain on the retailer.

Despite these closures affecting a portion of its outlets, River Island's operations will continue across 122 other stores nationwide. The company employs around 5,500 staff and maintains a strong presence in the British fashion market.

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