THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
People Matter
Property
Retail Business Strategy
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail HR Central
Digital Transformation Strategy 2023
Retail Marketplace Strategy
Retail HR 2023
THE Retail Conference 2023
Customer Engagement Strategy 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
ScS set to meet full year market expectations

Furniture retailer ScS has said it is on track to meet its full year market expectations after being “encouraged” by recent order levels. In an interim… View Article

HOME & DIY

ScS set to meet full year market expectations

Furniture retailer ScS has said it is on track to meet its full year market expectations after being “encouraged” by recent order levels.

In an interim trading update for the half year to 28 January, the company said it achieved order growth of 2.6% in the final ten weeks of the period, which included its important winter sale.

However, sales in the half year were down 4.7% overall following a decline of 9.1% in the first 16 weeks.

ScS continued to invest in its operations and store expansion programme in the period by opening two new shops in Swindon and York. This means the company now has 100 stores.

Giving an update on its acquisition of  Snugsofa.com, the company said the purchase complements its existing proposition and will help diversify its customer base and increase market share. SCS completed the acquisition at the start of this year.

Looking ahead, ScS said: “Despite the current economic climate remaining challenging and unpredictable, the board is encouraged by recent order levels. We continue to believe that the group’s refreshed strategy, strong cost management and robust balance sheet places it in an excellent financial and operational position. The group remains on track to meet full year market expectations.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News