River Island Announces Closure of 33 UK Stores Including Gloucestershire Location

River Island is set to close 33 of its UK stores, including a branch in Gloucester’s Kings Walk, as part of a comprehensive restructuring initiative aimed at addressing significant financial losses. This move places hundreds of jobs at risk across the retailer’s network.

The closures, scheduled to take effect before January 28, 2026, also impact stores in Hereford and Oxford. Notably, the Cheltenham High Street store remains open. The company, which operates 230 stores nationwide, cites the ongoing shift in consumer shopping habits—from physical stores to online platforms—and rising operational costs as key drivers behind this decision.

In addition to the confirmed closures, another 71 River Island locations face potential shutdown depending on lease renegotiations. The retailer, employing around 5,500 people, has enlisted advisors from PwC to manage the restructuring process. The proposals will be subject to approval from the retailer’s creditors in August.

This restructuring will be supported by new funding intended to steer River Island back to profitability. CEO Ben Lewis emphasized the company’s rich history dating back to 1948, noting, “The migration of shoppers from the high street to online has left the business with a large portfolio of stores that no longer aligns with our customers’ preferences.” He added that while recent improvements in product offering and store experience are promising, the restructuring is crucial for securing River Island’s long-term future.

River Island is among several high street fashion brands facing pressure from shifting consumer behavior and competition from low-cost online competitors like Shein. The retailer reported a £33.2 million loss in 2023, with sales dropping by 19%.

The company has detailed its store closure plans and rent reduction targets—ranging from 25% to 75%—for remaining stores in court documents reviewed by Drapers. These steps form part of a larger strategy to streamline operations and stabilize its business amid challenging market conditions.