River Island allowed to shut shops to stave off collapse

River Island has received approval to close 33 stores in the UK to prevent financial collapse, citing challenges like a shift to online shopping and rising operating costs. Alongside store closures, rents at 71 branches will be reduced as part of the restructuring plan. The company plans to make some roles redundant at its head office to save costs, ensuring a future for the business amidst changing consumer trends and economic pressures.