THE RETAIL BULLETIN - The home of retail news
HOME
VIRTUAL EVENTS
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT
CONTACT
SUBSCRIBE FOR FREE
ScS delays first half results

Furniture retailer ScS has postponed the issuing of its full interim results following yesterday’s announcement regarding changes to the government’s COVID-19 strategy. While the results are… View Article

HOME & DIY

ScS delays first half results

Furniture retailer ScS has postponed the issuing of its full interim results following yesterday’s announcement regarding changes to the government’s COVID-19 strategy.

While the results are expected to be released by the end of this week, the company said that gross sales edged up 0.5% to £160.1 million in its first half while gross profit increased by 0.3% to £71.7 million.  However, like-for-like order intake was down 4.4%.

Speaking about more current trading, ScS said its order intake rose by 3.3% on a like-for-like basis in the first seven weeks of the second half of the year.

David Knight, ScS chief executive, said: “Whilst consumer confidence remains low, the group has been successful in sustaining profitable growth and increasing its resilience. Trading in the early part of the year was particularly challenging. However, the improvement and return to growth seen over the key winter sales period and for the first six weeks of the second half was encouraging.

“In the past week we have seen reduced footfall and we are mindful of the developing situation with COVID-19 and the potential impact on deliveries and demand. However, we believe the group is as well positioned as it can be.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News