ScS returns to order growth over winter and holds outlook

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ScS returned to growth over the last 10 weeks and has held its profit outlook for the financial year.

Hoxton 3 Seater Sofa

ScS posted order growth of 2.6% for the 10 weeks to 28 January

The sofa and flooring retailer has posted order growth of 2.6% for the 10 weeks to 28 January, 2023, as its like-for-like levels “improved significantly”.

Orders dropped 4.7% for the 26 weeks to 28 January, 2023, with the first 16 weeks impacted by tough comparables, according to the retailer.

A spokesperson said in a statement: “Despite the current economic climate remaining challenging and unpredictable, the board is encouraged by recent order levels.

“We continue to believe that the group’s refreshed strategy, strong cost management and robust balance sheet places it in an excellent financial and operational position. The group remains on track to meet full-year market expectations.”

Last month, ScS snapped up digital-first sofa-in-a-box brand Snug for £875,000.

At the time of the deal, the retailer described Snug, which specialises in reconfigurable sofas and sofa beds, as a “great strategic and cultural fit” with “great potential”.

ScS today said it was “pleased with the progress made through collaboration with the team at Snug since the acquisition” and that the deal ”represents further progression in the group’s strategy”.

“Snug’s strong brand and differentiated digital-first offering will complement the group’s existing proposition, further diversifying its customer base and increasing market share.”