High street fashion chain plans to shut 33 stores with 71 more at risk

High street chain River Island is planning to shut 33 stores, with 71 more at risk, putting thousands of jobs on the line

The chain plans to close 33 of its UK stores, putting hundreds of jobs at risk as part of a major restructuring plan, according to reports.

The family-owned retailer is aiming to reverse a recent slump in trading with radical measures, including store closures and re-negotiations on rent.

Sky News reports that a further 71 stores face potential closure depending on talks with landlords to secure better rental terms.

River Island, which employs around 5,500 people, was founded in 1948 under the Lewis and Chelsea Girl brand before rebranding in the 1980s.