River Island plans to close 33 stores, putting hundreds of jobs at risk
by Sarah Butler from World news | The Guardian on (#6Y45N)
Family-owned company blames migration of shoppers' to online and higher costs as it tries to stem heavy losses
River Island plans to close 33 of its 230 stores and a further 71 are at risk under a restructuring programme that could put more than 1,000 jobs on the line.
The family-owned company, which employs about 5,500 people, blamed a migration of shoppers from the high street to online" and higher costs for the need to make the drastic changes to stem heavy losses.
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