€1.35m losses for book retailer

The firm behind bookseller Hughes & Hughes incurred losses totalling €1.35m in the two years prior to the Hughes & Hughes brand disappearing last year.

New figures for fiscal 2013 and 2012 show Sivota Ltd incurred losses totalling €696,821 in the 12 months to the end of Mar 2, 2013, and this followed losses of €659,577 the previous year.

The continuing losses at the firm came ahead of Hughes & Hughes closing two of its stores at Dundrum and Swords in April of last year, with the firm entering a franchise agreement with Eason to operate its three remaining stores at Swords, Santry, and Ennis.