Soon-to-sell sofa chain ScS finds little comfort in cost of living Britain retail Sofa chain ScS has swung to a loss according to its preliminary results, with the soon-to-be acquired sofa chain blaming a challenging economic climate for the dip.
Another London-listed firm heads for private hands in £100m sofa deal RETAIL ScS, a sofa chain, is to go private after a takeover by an Italian furniture retailer - the latest firm to leave the London Stock Exchange
Sofa seller ScS: Shoppers may splurge on home makeovers instead of moving amid high mortgage rates SOFA SALES Sofa seller ScS has suggested that some consumers may invest in home makeovers instead of opting to move house amid historically high mortgage rates. The furniture firm posted record sales growth on Tuesday morning but warned of “subdued” trading in recent weeks against a backdrop of household bills increasing. Revenue rose 8.6 per cent from [...]
Sofa seller ScS cautions cost-of-living pressures have slowed orders down August 4, 2022 ScS has warned that cost-of-living pressures have already driven down orders although the sofa business still lifted its profit expectations for the rest of the year. The furniture retailer reported a 3.9 per cent increase in orders in the year to 30 July, compared with the previous year. The company said a stronger than expected [...]
ScS Group ends talks to buy Sofa.com leaving Mike Ashley in the driving seat February 1, 2019 Home furnishings retailer ScS Group said today it had ended talks with furniture retailer Sofa.com, leaving the way clear for Mike Ashley who is reportedly putting together a multi-million pound bid. ScS said today it is “no longer in discussions regarding a potential acquisition of the business and assets of Sofa.com”. Sky News reported that Ashley, [...]
SCS to stop selling through House of Fraser after orders slump October 25, 2018 Furniture company ScS will close all of its concessions at embattled department store House of Fraser by the end of January after it was taken over by Sports Direct founder Mike Ashley. The company said its orders through House of Fraser had more than halved in the twelve weeks ending 20 October. Ashley bought the [...]
Canadian vinyl record shop boss Doug Putman joins bidding war for HMV February 3, 2019 Canadian vinyl record tycoon Doug Putman has made a dramatic late bid to snap up collapsed music store HMV in a move that could hamper Mike Ashley's takeover plans. Douglas Putman, who owns Canadian chain Sunrise Records, has entered the auction and is now the front-runner ahead of the Sports Direct tycoon, according to media reports. [...]
Sofa chain SCS keeps shareholders comfortable after pick-up in sales August 13, 2015 SOFA chain SCS hailed an improvement in sales in the last three months of a difficult year hampered by warm weather and the uncertainty in the run-up to the 7 May General Election. The retailer, which floated on the London stock market earlier this year, said total like-for-like sales for the year to 25 July [...]
Sofa chain SCS less than comfy as sales slump May 7, 2015 SHARES in SCS plunged 31.3 per cent last night after the sofa chain blamed the warmer weather and uncertainty over the General Election for a sharp slide in sales in April. The retailer, which floated earlier this year, said its like-for-like order intake dropped by 15.9 per cent in the four weeks to 2 May [...]
SCS shares soar as sofa chain hikes full-year profit expectations January 19, 2016 Sofa and floorings chain ScS’s share price has soared by almost 17 per cent after the company said it expects full-year profits to beat City forecasts. In an unscheduled update the retailer, which floated last year, said trading over the key Christmas and January sales period was strong within both its 97 ScS stores and 30 [...]