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Birmingham Post
Birmingham Post
Business
Tom Keighley

FOUND: Scs reports first half losses despite pleasing winter sale performance - What They Never Told You

Retail park furniture seller ScS says orders have picked up in recent months but lag below last year's high levels following post-lockdown demand.

The North East-based plc reported first half results to January 28 in which it said overall order intake was down 4.7% and underlying pre-tax losses were £4.7m, compared with £5.6m the year before. Investors were told the performance was in line with a typical year for ScS, with spending on marketing in the first half to prepare for the busy winter sale period.

Gross sales grew 5% to £154.9m and the firm said like-for-like order intake momentum has continued in recent weeks, following the period under review. Earlier this year ScS acquired modular sofa firm Snug out of administration and it now plans to open concessions within its stores, in addition to the brand's one Leeds site and existing concessions.

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