River Island to close 33 shops
Source: BBC
River Island plans to close 33 shops in the UK in a move which puts hundreds of jobs at risk.The clothing retailer said more people shopping online and higher costs to run stores were behind its proposals to creditors.It also wants its landlords to cut rents at a further 71 stores which are at risk.The family-owned retailer currently has 230 shops and employs about 5,500 people, but has suffered heavy financial…
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