Top retailer Bargaintown suffers €462,000 losses despite slashing jobs
One of the country's biggest furniture retailers racked up losses of €462,000 in 2010, according to newly filed accounts.
Bargaintown suffered the hefty losses despite having cut its number of employees from 111 to 83 the previous year, reducing its wage bill by 35pc.
The firm, which has been on the go for over 40 years, is owned by brothers Alan and Norman Prendergast and currently has seven stores in Dublin. The loss for 2010 compares with a meagre profit of €28,000 the previous year.