RIVER Island has confirmed the full list of 33 stores that will shut following a major restructure.
The fashion retailer has confirmed branches across the UK will close including in Derby, Doncaster and Fareham, Drapers reports.
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Other branches will shut in Basildon, Edinburgh and Middlesbrough. This is the full list of 33 stores that will shut:
- Aberdeen Union Square
- Basildon
- Bedford
- Beverley
- Birmingham Fort
- Blackburn
- Bolton
- Broughton Park
- Cannock
- Castleford
- Chesterfield
- Crewe
- Derby
- Doncaster
- Edinburgh Princes Street
- Fareham
- Gateshead Metrocentre
- Glasgow Argyle Street
- Glasgow Silverburn
- Grimsby
- Halifax
- Harrow
- Huddersfield
- Ipswich
- Kidderminster
- Kilmarnock
- Leamington Spa
- Loughborough
- Luton
- Middlesbrough
- Peterborough
- Southport
- Walsall
The 33 shops earmarked for closure will stay open until January 2026 to make the most of peak trading.
The closures come as River Island carries out a major restructuring of its store estate.
The future of a further 70 stores is at risk and dependant on agreements being reached with landlords to slash rent payments.
River Island is reportedly set to split its store estate into seven categories of closures and rent reductions.
Only nine stores are planned to keep paying full rent, while 38 could see rent reductions of up to 75% for three years.
Meanwhile, 24 stores could move to a zero-rent model.
River Island currently employs around 5,500 workers across the UK, but has not said how many jobs are at risk due to the closures.
The retailer drafted in advisers from PricewaterhouseCoopers (PwC) just weeks ago to come up with money-saving solutions.
The move came off the back of poor financial results.
Accounts for River Island Clothing Co for the year ending December 30, 2023, showed the firm made a £33.2 million pre-tax loss.
Then the turnover during the following 12 months fell by more than 19% to £578.1 million.
