River Island losses soar as sales decline

River Island saw losses swell in its latest annual results.
The clothing brand’s operating loss nearly doubled (86.3%) to £65.3m for the 52 weeks to 28 December 2024.
EBITDA nearly tripled (186.6%) from a £17.2m loss the year prior to a £49.3m loss in 2024.
Sales declined 7.1% year on year to £537m.
Additionally, the brand’s pre-tax loss nearly doubled (92.7%) to £64m over the period, compared to a £33.2m loss the year before.Related Story Vic