ScS blames international supply chain issues as it slips to loss

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ScS has slipped into the red, blaming international supply chain issues for its subdued revenues and profits.

For the 26 weeks to January 29, ScS reported a loss before tax of £3.6m and an operating loss of £1.8m. The retailer also reported a 4% drop in revenues to £146m and a 5.3% slip in gross sales to £152m.

EBITDA was £12m, down £21m year on year, while its gross margin slipped 1.3% to 45%. 

Despite the subdued half-year results, ScS said it was confident of delivering profitable full-year results in line with market expectations.

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