Beloved high street chain with 24 Irish locations confirms Dublin city centre store closing down in 10 days in huge blow

The Irish Sun

9 hours ago

A MAJOR store is set to close in the capital in just days in a big blow to shoppers.
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Henry Street will lose out on a popular store
Credit: Alamy
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River Island has announced the closure of one of its biggest shops
Credit: Getty Images - Getty
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The store is set to close on June 27
But sadly, the retailer has announced the closure of one of its largest Irish stores.
River Island has announced the closure of its Henry Street branch.
In a poster on the shop window, the retailer announced they will be closing in 11 days' time.
The poster reads: 'This store is closing.
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'This store will be closing from Friday 27th June.'
River Island reassured customers that they can still shop online at any time or visit their nearby Grafton Street branch.
The retailer added: "Please visit us 24/7 online at RiverIsland.com or at your nearest store:
"To all our valued customers we will see you soon."
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It comes as River Island has been closing a number of its outlets in the UK ahead of a major restructuring.
It's believed that around 230 stores are at risk of closure.
The retailer is set to undergo a restructuring as a result of tough trading conditions.
The latest one to shut is located in Banbury, and will close on June 28.
Sky News reported that the owners of River Island brought in advisers from PricewaterhouseCoopers (PwC) to come up with money-saving solutions.
Proposals are expected to be finalised in weeks, though sources have reportedly claimed no decisions have been approved on the retailer's future.
Accounts for River Island Clothing Co for the year ending 30 December 2023 showed the firm made a €38million pre-tax loss.
Then the turnover during the following 12 months fell by more than 19 per cent to €677million.
In January, River Island hired consulting firm, AlixPartners, to undertake work on cost reductions and profit improvement.
However it is now understood PwC has now taken over.
ANOTHER BLOW
And it's another blow to the Irish market, following New Look's closure of all its stores in Ireland.
New Look announced in February that it would exit the country, leaving hundreds redundant.
There were 26 stores across the Republic of Ireland,
The majority of these
In a statement, the company said: "Regrettably, a collective redundancy process impacting all colleagues in the Republic of Ireland is also envisaged.
"The decision to seek the appointment of liquidators was not taken lightly.
"New Look's Irish operation has struggled for some years, impacted by a range of factors including supply-chain and in-market costs, and squeezed consumer spending".