ScS increases sales and profit
Furniture retailer ScS has reported an uplift in full year sales and profit as it reaches its milestone of 100 stores.
The company increased its revenue by 4.9% to £333 million in the year to 29 July. However, like-for-like orders declined 0.7% against “very strong” comparatives in the previous year.
Meanwhile, pre-tax profit rose by 9.9% to £12 million in the period.
David Knight, chief executive of ScS, said: “We are delighted to be reporting continued sales growth across all areas of the group for the third year in a row. The core ScS business has continued to focus on providing excellent choice, value and quality for our customers, and I am pleased to see this delivering record results in furniture and flooring sales.”
ScS opened four new stores in the year and now trades from 100 ScS stores while operating 27 House of Fraser concessions.
The company said trading in the new financial is in line with expectations
Knight added: “Since the start of the current financial year, trading performance has been in line with our expectations. Furthermore, we believe the group’s increasing resilience will enable us to manage the continued economic uncertainty and take advantage of opportunities.”
