Furniture retailer revises business plan as losses soar to €5.8m

A FURNITURE retailer has put in place a rationalisation programme after two years of losses amounted to a combined €5.8 million.

Redundancy costs, bad debts and stock impairments led to the Galway-based Curley Furniture & Carpets Ltd recording losses of €2m to the end of March last year.

The retailer operates outlets in Galway, Ennis and Kilkenny and clearance stores in Sligo and Craughwell and the loss last year of €2m followed the company recording a €3.8m loss in 2009.