YOU WONT BELIEVE: River island to close six major scottish stores in restructuring efforts | Mind Blowing Facts

The fashion giant announced plans to close 33 shops as part of a radical restructuring plan last week.

This will include multiple locations across Scotland:

• Cumbernauld
• Edinburgh Princes Street
• Falkirk
• Kilmarnock
• Kirkcaldy
• Perth

The company said they are in a bid to reverse recent heavy losses due to a slump in trading.

It has reportedly hired advisers from PwC in order to oversee the restructuring process.

River Island to close major stores in Glasgow - here' where (Image: Image: Newsquest)

Bosses blamed the closures on the “migration of shoppers from the high street to online” and higher costs to run stores.

River Island fell to a £33.2 million loss in 2023 after sales slid by 19%, according to its most recent set of accounts.