Irish young fashion chain A-Wear slumped into the red in 2009 with losses of €6.2m (£5.2m) in the year to January 2010 compared to pre-tax profits of €25.9 (£21.6m) the previous year.
According to accounts filed at Companies House, sales at A-Wear in the year to end of January 2010 fell by around 30% to €39.5m (£32.9m) compared to more than €56m (£46.6m) the year before.
The accounts said: “The loss for the year reflects difficult trading conditions.” It added the risks and uncertainties facing the business “are those typical of those in the retail sector, with decreased demand in the market place being a principal factor”.
The accounts stated that the company expected to make a profit in the year ended January 2011.
A-Wear opened its 40th store last year, with UK stores located in Bristol and Leicester.