River Island has confirmed the places of 33 UK shops set to shut by January 2026, because the excessive road trend retailer pushes forward with a significant restructuring plan to patch heavy losses.
The closures come as a part of a proposed deal that can go to a creditor vote in August. If accredited, the plan may assist the enterprise safe recent funding and renegotiate rental agreements for an additional 70 shops which are at the moment below evaluate.
The family-owned firm stated it had been compelled to behave as a result of ongoing shift from in-store purchasing to on-line and the sharply rising value of working bodily retail. River Island, which trades from round 230 UK shops and employs 5,500 individuals, has employed PwC to supervise the restructuring course of.
Ben Lewis, Chief Govt of River Island, stated: “We remorse any job losses on account of retailer closures, and we are going to attempt to maintain these to a minimal.”
The complete record of River Island shops closing by January 2026:
- Beckton
- Bangor Bloomfield
- Wrexham
- Edinburgh Princes Road
- Hereford
- Surrey Quays
- Didcot
- Sutton Coldfield
- Aylesbury
- Burton-upon-Trent
- Northwich
- Taunton
- Workington
- Falkirk
- Cumbernauld
- Kirkcaldy
- Gloucester
- Hartlepool
- Brighton
- Lisburn
- Norwich
- Oxford
- Poole
- Kilmarnock
- Hanley
- Barnstaple
- Grimsby
- Leeds Birstall Park
- Rochdale
- Nice Yarmouth
- St Helens
- Stockton-on-Tees
- Perth
Lewis stated the closures are important to safe the long-term way forward for the enterprise. “We now have a transparent technique to rework the enterprise… however it’s only with a restructuring plan that we can see this technique via and safe River Island’s future as a worthwhile retail enterprise,” he stated.
The retailer is amongst excessive road trend chains to have been impacted by weaker client spending and competitors from cheaper on-line rivals, corresponding to Shein.
River Island fell to a £33.2 million loss in 2023 after gross sales slid by 19%, in response to its most up-to-date set of accounts.
