ScS makes progress with focus on value
ScS, one of the UK's largest flooring retailers, reports sales growth and a recent uplift in order taking as it focusses on a value offer to hard-pressed consumers.
The plc which has 100 stores across the UK, posted its interim results for the 26 weeks ended 28 January 2023 which showed sales up 3.5% on last year to £154.9m.
ScS said it delivered a strong winter sale with the last 10 weeks of the period which generated order intake growth of 2.6%, and gained the company additional market share.
The improvement was enough to reduce its losses - underlying pre-tax losses for the half year were £4.7m, compared to a loss of £5.6m for the same period last year. The company says it expects to return to profit by the end of its full financial year at the end of July.
ScS said that online sales have increased 16.7% and now represent 10.1% of total sales. The growth follows investment in their online platform including visualisation so that customers can see multiple products including furniture and floors in their room settings.
Steve Carson, Chief Executive Officer of ScS, commented: “The Group made good strategic progress in the first six months of the financial year and continued to take market share. We are pleased with the strength of our winter sale performance and the subsequent increase in order momentum over the last two months.
“The macroeconomic environment continues to be challenging and we are mindful of the pressures faced by many of our customers. Therefore, continuing to focus on our value driven proposition is more important than ever so that everyone is able to create the home they love," he said.
