💨 Abstract

River Island, a British clothing brand, is closing 33 shops by January 2026 and is at risk of shutting another 71 due to financial struggles. The chain announced a £33.2 million loss in 2023, with sales dropping 19%. The restructuring aims to reduce costs and compete with online shopping. CEO Ben Lewis stated the plan is to ensure the brand's long-term viability.

Courtesy: Katie Boyden