River Island swings to a loss following pandemic store closures

river island shop

River Island has reported a loss following a challenging 2020 as sales tumbled during periods of enforced store closures due to the pandemic. 

The company recorded a pre-tax loss of £51.5m for the year to December 26 2020, compared to a profit of £3.8m the year prior. Operating loss stood at £36.2m, down from an operating profit of £21.4m the year previous.

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