Profits at River Island retail chain decline by 39% as revenues slip 9%

PRE-TAX profits at the Irish arm of clothing retailer River Island last year fell 39% to €7m.

Accounts just filed with the Companies Office show that British-owned River Island Clothing Co (Ireland) Ltd’s revenues in the year to the end of December 25 last dropped 9%, from €91.3m to €82.5m.

The company’s turnover arose solely from the sales of clothing in Ireland. At the end of last year, it operated 23 shops across Ireland.