ScS has reported a lift in sales at the half-year mark as the retailer’s value-led proposition allowed it to “manage the continued economic uncertainty”.
The furniture and flooring retailer recorded a 2.2% jump in like-for-likes in the 26 weeks to January 27, bolstered by a 2.5% rise in like-for-like orders across its core business.
However, the specialist retailer’s House of Fraser concessions, which represented 7.4% of its overall orders during the period, posted a 0.4% fall in like-for-like orders.
On a two-year basis, like-for-like orders across ScS’ department store concessions were up 13.2% and up 4.7% across its core business.
The furniture and flooring specialist opened a new store in Chelmsford during the period, taking its overall bricks-and-mortar estate to 101 standalone stores and 27 House of Fraser concessions.
ScS’ £12m revolving credit facility was also extended until November 2021 during the period.
The retailer said that its “increasing resilience and value proposition” would allow the business “to manage the continued economic uncertainty and take advantage of opportunities”.
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