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River Island Shutting 33 Stores in 52 Days - Including Hanley
River Island will close 33 UK stores and reduce rent or write off debt for 71 to address losses exceeding £64 million and adapt to changing customer habits.
- Next year River Island will close 33 stores across the UK, notifying shoppers as part of a court-approved restructuring programme.
- This year a High Court judge approved the company's restructuring plan after Ben Lewis and legal counsel cited online shopping growth and rising business costs.
- River Island reported losses and employs around 5,500 people, with over 200 shops nationwide, as losses nearly doubled to 64m in 2024 from 33.2m in 2023.
- The company negotiated rent cuts for 71 sites, secured debt write-offs, and requested landlords to reduce rent for three years, with closures including Barons Quay, Northwich and Taunton, Somerset.
- Despite closures, 122 stores will remain open, with the retailer's footprint spanning over 200 shops nationwide including Edinburgh Princes Street, towns in Devon, and Bangor Bloomfield.
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12 Articles
River Island to shut 33 shops in 52 days - including this Cheshire store
River Island will shut 33 stores by the end of January - including one in Cheshire. The clothing retailer is moving ahead with plans to close the stores in a bid to restructure the business following heavy losses.
·England, United Kingdom
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Coverage Details
Total News Sources12
Leaning Left2Leaning Right0Center8Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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