All River Island articles – Page 2
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Data
Data: The brands getting their Instagram strategy right – and wrong
Turning likes into like-for-like growth
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Analysis
Three ways retailers are rethinking stores for future success
Retail Week’s inaugural Stores Week, celebrating bricks and mortar, kicks off today. From The Entertainer and Dixons Carphone to Theo Paphitis Retail Group and AS Watson, retailers and brands from across the sector will reveal how they’re shaping their store strategies. Here’s a taster of what to expect.
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Retail Navigator Analysis
River Island (Overview)
River Island is a mainstream high-street fashion retailer that is part of the family-owned Lewis Trust Group. It operates around 250 high street stores throughout the UK and sells online through its website as well as Asos, Next and Very online.
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Retail Navigator Analysis
River Island (SWOT)
River Island has nationwide coverage and now operates more than 20 superstores in key locations. The company also has a high profile online and on social media, which has been heightening brand awareness.
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Retail Navigator Analysis
River Island (Strategy)
Against the background of an intensely competitive UK fashion market, River Island has been focusing on extending its appeal by adding new product categories and increasing its fashion credentials and speed to market.
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Retail Navigator Analysis
River Island (Financials)
Total sales at River Island Holdings rose 11.6% to £825.8m in the year to December 2022, although this remains well below pre-pandemic levels. The retailer said that, while FY2022 had got off to a good start, it “subsequently suffered from both falling demand for its fashions and rising stock levels, which affected margins”. This resulted in a 90% slump in operating profit to just £7.5m.
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Opinion
Move of the Week: Key fashion players bring relevance and style to M&S
The appointments of Fiona Lambert and Anna Braithwaite provide some welcome cheer for M&S’ clothing business.
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Analysis
Data: Size matters – how top womenswear retailers rank on size availability
Analysis by Retail Week and Newton shows the extent of ‘lost sales’ from retailers not having the right range of sizes
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News
River Island to slash another 350 jobs as coronavirus continues to take toll
Fashion retailer River Island is set to slash 350 jobs across its store estate as it battles to survive the ongoing coronavirus crisis.
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News
River Island mulls CVA as coronavirus hammers sales
River Island is the latest fashion retailer to consider undertaking a company voluntary arrangement due to the effects of the coronavirus on sales and store footfall.
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Data
Data: M&S to Monzo – the top 50 brands bossing customer experience
In the midst of the coronavirus pandemic, customer needs and behaviours have shifted rapidly in just a few months.
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News
River Island to cut 250 head office jobs as coronavirus costs bite
River Island is axing 250 head office roles in a bid to reduce costs following the fall in sales triggered by the coronavirus pandemic and subsequently reduced footfall.
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News
River Island to shut distribution centre amid coronavirus crackdown
River Island says it will close down its UK warehouse by the end of this week in a bid to “protect the health of our employees”.
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News
Coronavirus: Retailers call for rates relief as store closure fears grow
Retailers are banding together to call on the government for exemption from business rates if shops are forced to close because of the coronavirus outbreak, and have renewed demands for far-reaching reform.
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Analysis
Analysis: The six tech trends tipped to take off in 2020
What burgeoning technology will really take off in 2020 and what will it enable retailers to do? We put the question to a panel of tech experts.
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Opinion
Leader: Being a disruptor won’t make you a success
“What online-only company is really profitable? Basically none of them. That’s the dirty secret”
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News
River Island profit halves as it ramps up investment
River Island has posted a steep fall in earnings after ploughing cash into improving the business to ensure it is future-fit.
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News
Chancellor Sajid Javid shrugs off plea for business rates reform
Chancellor Sajid Javid has shrugged off pleas by the retail industry for reform of the “broken” business rates system.
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Opinion
Richard Hyman: Home is an expensive distraction for fashion retailers
As a throng of fashion retailers push into homewares, retail expert Richard Hyman argues they are chasing fool’s gold and should stick to the knitting.
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Analysis
Succession or sale: Why has River Island hired Will Kernan?
River Island’s appointment of Will Kernan as chief executive struck an unexpected note last week.