All ScS articles
ScS – now trading as Sofa Carpet Specialist – is a UK-based furniture and flooring retailer that is focused on expanding the breadth and quality of its offer to attract a wider customer base and achieve higher transactional values.. It trades from around 100 standalone stores across the UK.
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News
ScS shareholders vote through £99m sale to Poltronesofà
The £99m takeover of ScS by Italian sofa retailer Poltronesofà has been given the go-ahead after shareholders voted in favour of the deal yesterday.
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News
ScS posts ‘resilient’ results as current trading ‘toughens’
Profits at sofas retailer ScS edged down last year and the retailer reported that the trading environment has been harder in the first quarter of the new financial year.
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News
ScS welcomes £99m takeover bid from Italian sofa retailer
ScS has agreed to a £99.4m approach from Italian sofa retailer Poltronesofà.
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News
ScS confident in full-year profit guidance despite cost-of-living crisis
Furniture specialist ScS expects to report full-year profit guidance in line with expectations, despite the ongoing effects of the cost-of-living crisis.
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News
End Clothing chief finance officer moves to ScS
ScS has named Mark Fleetwood as its new chief financial officer, who will take up the role from outgoing CFO Chris Muir later this year.
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Opinion
‘Retail operations has become the training ground for successful CEOs’
A retail operations background is increasingly the training ground for successful chief executives, says Fran Minogue
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News
ScS confident of bouncing back despite losses
ScS is confident it will bounce back despite having reported deepening losses in the first half of its financial year.
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News
ScS returns to order growth over winter and holds outlook
ScS returned to growth over the last 10 weeks and has held its profit outlook for the financial year
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News
Sofa-in-a-box brand Snug bought by ScS
ScS has snapped up digital-first sofa-in-a-box brand Snug for £875,000.
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News
ScS profits soar ‘ahead of expectations’ as sales reach record highs
ScS has reported record sales figures in the first full year of its new strategy.
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News
ScS appoints ex-Argos boss John Walden as chair
ScS has named former Argos and Home Retail Group boss John Walden as its new chair.
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News
ScS bumps up profit expectations as like-for-like orders grow
Furniture giant ScS has announced that full-year profits will be ahead of expectation as like-for-like orders grew during the period.
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News
ScS blames international supply chain issues as it slips to loss
ScS has slipped into the red, blaming international supply chain issues for its subdued revenues and profits.
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News
ScS back in the black after ‘strong recovery’ from the pandemic
Furniture and flooring specialist ScS has hailed a “strong year of recovery” after returning to profitability and reporting soaring sales.
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Retail Navigator Analysis
ScS (SWOT)
ScS stands to benefit from its recent acquisition by Italian sofa retailer Poltronesofà. This will significantly increase the scale of the business, providing increased funding to pursue opportunities for growth as well as access to the Italian specialist’s manufacturing and design capabilities.
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Retail Navigator Analysis
ScS (Strategy)
Mid-market furniture and flooring specialist ScS revealed its refreshed, fit for the post-pandemic world strategy during 2021, with a focus on omnichannel.
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Retail Navigator Analysis
ScS (Overview)
ScS is a leading UK-based upholstery, furniture and flooring retailer which was acquired by Italian sofa retailer Poltronesofà in December 2023 in a £99.4m deal.
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Retail Navigator Analysis
ScS (Financials)
ScS reported a 0.4% dip in gross delivered sales to £343.5m in FY2023. This reflected a £5.4m reduction across the core business, partially offset by a £4.2m contribution from Snug following its acquisition in January 2023. Profits came under pressure, with statutory pre-tax profit slumping 63.4% to £6.0m, impacted by a £2.8m pre-tax loss at Snug.
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News
ScS profits rise as pent-up demand boosts sales
ScS has registered upticks in profits and sales as pent-up demand during the coronavirus crisis drove “record” first-half performance.
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News
ScS sales rise as post-lockdown orders soar
ScS has recorded an uptick in sales after orders following the first lockdown in 2020 significantly increased.