Top Fashion & Retail News Update 30-6
Top Fashion & Retail News Update
Here’s your updated global Fashion & Retail This Week news roundup, based on the latest reports:
Closures & Restructuring
River Island (UK)
Announced the closure of 33 stores—six of them in Scotland—including Banbury, Edinburgh, and others. These locations will remain open into January 2026 while River Island negotiates rent cuts; an additional ~70 stores are also at potential risk
thesun.co.uk
Otterburn Mills (UK)
The historic 18th-century knitwear brand, once favored by the Royal Family and high-end houses, has liquidated, closing permanently and cutting 28 jobs due to high costs and weak footfall
voguebusiness.com
Macy’s (USA)
Continuing its “Bold New Chapter” plan, Macy’s is closing 66 underperforming U.S. locations in 2025, w...