ScS profits and sales up despite low consumer confidence

SCS

ScS has reported increases in both gross sales and profit in its half-year results, despite low customer confidence and the developing coronavirus situation.

The furniture retailer reported an 0.3% increase in profit to £71.7m for its interim results for the 26 weeks to January 25, 2020.

Gross sales also inched up 0.5% to £160.1m, while underling EBITDA improved £0.4m to £3.8m.

The retailer said during the first six months of the financial year it had driven like-for-like order intake down and invested heavily in its ecommerce offering, which had seen online sales increase 24.5% to £9.8m.

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