High street shoppers not surprised as River Island to close 32 UK stores

River Island said it will close 32 UK stores in January as part of a restructuring after a £32.3 million pre-tax loss and a 19% fall in sales. The company says it has about 200 shops and more than 5,000 staff and that jobs are not at risk while relocations are being sought; further plans are undetermined at this time.

River Island has announced it will close 32 UK stores in January as part of a restructuring plan. The company reported a £32.3 million pre-tax loss and a 19% drop in sales. River Island's chief executive said some stores are no longer aligned with customers' needs. The retailer currently operates about 200 shops and employs more than 5,000 people. Known details: - River Island announced 32 store closures in January as part of a restructuring effort. - The company reported a £32.3 million pre-tax loss and a 19% fall in sales. - River Island says it operates roughly 200 shops and employs over 5,000 staff, and that roles are not at risk while relocations are being sought. - The company cited the rise of online shopping and high operating costs, and said some stores are no longer aligned with customer needs. Summary: The closures are presented by River Island as part of a restructuring after recent financial losses. Undetermined at this time.