ScS sees Autumn boost
ScS has seen an increase in like for like orders in recent weeks.
The upholstery and flooring chain said like for like orders were up 2.1% in the nine weeks to 29 September.
The increase came despite a continuing drop off in performance at its 27 House of Fraser concessions, which accounted for 7.1% of sales in the past financial year. ScS said trading ‘remains challenging’ for the concessions and it had suffered a 9.4% drop in sales in the year to 28 July as shoppers were put off by reports on the chain’s future. ScS said it was ‘in discussions with the new owners in an attempt to agree new terms of trade, mindful of the 124 employees who work in these concessions, but also of the need to protect and enhance shareholder value.’
It said the decline at the concessions has been more than offset by growth at ScS stores and total sales in the year rose by 1.3% to £337.3m with pre-tax profits 10.5% higher at £13.2m.
In-store furniture sales were static at £270.9m while flooring rose by 7.1% to £42.8m.
Average order values increased: by 0.4% to £1,582 for furniture and by 7.9% to £679 for flooring.