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River Island Confirms Exact Dates for 27 Stores to Close This Month
River Island will close 27 stores in January as part of a restructure to cut costs and secure viability, risking over 1,000 jobs across the UK and Ireland.
- This month, River Island confirmed closing dates for 27 branches, including one in Wrexham, North Wales, with all shutdowns set to take place this month.
- Shifts in customer behaviour have left River Island `simply has not been able to reverse` its financial decline after last year's £32.3million pre-tax loss.
- The confirmed dates show multiple stores closing on January 18, January 24 and January 31, including Leeds Birstall Park, West Yorkshire on January 18 and Barnstaple, Beckton, Oxford on January 31.
- More than 1,000 jobs could be affected across River Island’s UK estate, while around 122 unaffected stores continue operating within the company’s workforce of around 5,500 employees.
- River Island remains in discussions with the Parc Llandudno landlord and has sought rent reductions between 25% and 75%, negotiating reduced rents at 71 additional locations, while reports say Llandudno staff were told the store may close in May.
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River Island confirms exact dates for 27 stores to close this month
River Island has announced the exact dates that 27 of its stores will close in late January, as the fashion retailer continues with its restructuring plan
·Newcastle upon Tyne, United Kingdom
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Total News Sources36
Leaning Left2Leaning Right1Center31Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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