Overview
- River Island says 27 UK stores will close this month under a restructuring of its retail estate.
- The Hereford Old Market and Didcot Orchard Centre branches are scheduled to shut on January 31.
- The Oxford Westgate store has already closed, with other locations trading through closing-down sales.
- Company leaders cite a prolonged shift to online shopping alongside sharply higher operating costs as the drivers.
- The business continues to operate roughly 230 UK stores with about 5,500 employees while negotiating lower rents for sites that remain open.