Company
ScS Group PLC
LON:SCS
ScS stands for “Sofa Carpet Specialist” and is one of the UK’s largest retailers of sofas and flooring. We strive to offer value and choice through a wide range of sofa and flooring products carefully selected by our expert team.
42 stories
ScS profits slip with current trading 'subdued'
The company cautioned that initial trading in the new financial year has been tougher than in the second half of full-year 2022, with order intake for the first 10 weeks down 7.8% on a like-for-like basis year on year
Archive
ScS Group sitting pretty as its AGM coincides with Black Friday
Comparatives for the furniture flogger will be a bit weird, with lockdowns (including the relaxation of same) making like-for-like comparisons tricky
ScS Group wary over supply chain and inflation pressures
ScS posted a profit of £22.7mln against a loss of £3.1mln in the year to end July
ScS Group upgrades expectations as stores rebound after reopening
The retailer is also doing well on the online platform
ScS Group remains cautiously optimistic after posting 14% jump in half-year sales
The retailer is allowed to trade through its distribution centres
ScS Group in demand as order intake keeps rising throughout summer
The first six weeks of the current financial year saw order intake growing 51%
ScS jumps as order intake rises despite “challenging trading” in early 2020
The sofa retailer said LFL order intake in the last seven weeks had risen 3.3%, an increase it said was “a significant improvement” on the first 26 weeks of its financial year where the figure had declined 4.4%
SCS Group orders improve but mindful over coronavirus impact
The sofa maker has delayed its interim results following the coronavirus policy changes announced by the government
ScS Group bemoans economic and political uncertainties
LFL sales continue to decline but not as rapidly as they were two months ago
ScS’s “strong” financial health to cushion against market uncertainty
Shares plunged after like-for-like sales recorded a 7.6% jump against a 4.2% increase in the financial year closed in July
ScS warns of second-half profit hit from rising cost of providing interest-free credit
Recent rises in LIBOR mean it is now more costly to provide interest-free finance which, in turn, will “negatively impact” second-half margins
Archive
FTSE 100 joins other global indices to head higher and finishes above 7,300
The Footsie added 0.34% to close at 7,324, while US shares are also higher at the time of writing
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Brexit 'Meaningful Vote 3': Slasher, thriller, or just postponed?
Aside from the Brexit shenanigans, the Day Ahead will also bring the release of the latest UK jobs data, plus trading updates from online retailers Ocado PLC and ASOS PLC
ScS clears way for Mike Ashley to snap up Sofa.com as it rules out takeover bid
ScS confirmed initial talks earlier this week, but said on Friday morning that those discussions have now ended without an offer being lodged
ScS trades in line with expectations for half year and Christmas
In a trading update for the 26 weeks ended 26 January, the sofa retailer said like-for-like (LFL) order intake growth was 1.5% while two-year LFL order intake was up 4.5%
ScS to close all House of Fraser concessions after big sales drop, core business continues to perform well
The furniture retailer said its House of Fraser concessions saw a 52.5% drop in like-for-like orders and the group said it that it will cease trading from within them by the end of January 2019
ScS Group sitting pretty despite House of Fraser disruption
The four new stores opened in the prior year, plus the new store in Chelmsford in the current year contributed an additional £6.0mln to gross sales year-on-year
FTSE 100 finishes in negative territory; Royal Mail slumps - again
FTSE 100 was on the losing team all day and closed down over 21 points at 7,474
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Ferguson to report robust full year sales growth as US construction market booms
The day ahead includes full year earnings from Ferguson and Revolution Bars
Archive
Jack’s store roll-out in focus as Tesco reports first half results
The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report
ScS sees order intake decline in second half as it gets burned by scorching summer
The sofa retailer said its LFL order intake in the second half had declined by 2.6%, compared to a growth of 2.2% in the first half, but it grew by 0.2% in the full year
ScS delivers first-half sales growth but warns on 'challenging' retail market
“We expect that the retail market will continue to remain challenging in the short to medium term," said chief executive David Knight
Archive
FTSE 100 closes in the red as markets jittery ahead of Fed interest rate decision
The UK's premier index closed down around 22 points at 7,038, while the FTSE 250 shed over 55 points at 19,668.
Archive
B&Q stores chain Kingfisher to provide hints to health of UK retail sector with full-year results
The day ahead includes full-year results from FTSE 100 DIY retailer Kingfisher PLC, plus the latest Federal Reserve rate decision, and UK unemployment and average earnings data
Investments and investor services
FTSE 100 closes higher as Dow Jones climbs after host of data
Britain's blue chip index closed up around seven points, or 0.10%, at 7,139..
Investments and investor services
Cineworld and Savills financial results in the spotlight for Thursday
Investors will be looking to Cineworld for news of asset integration, whereas for Savills results the attention will be on its battle for market share.
ScS Group PLC sitting pretty and taking market share, according to house broker
Shore Capital says the stock's valuation remains at an unwarranted sector discount
ScS posts 10% jump in profits thanks to retailer's continued sales growth, cost-saving initiatives
The firm also said that trading since the start of the new financial year has been in line with its expectations, with 3% growth in same-store sales for the nine weeks to September 30
FTSE 100 closes higher, boosted by weak sterling and Ferguson
The pound's weakness is the source of the Footsie's late strength
Archive
Healthier options expected to help drive growth at food-on-the-go specialist Greggs
Day ahead includes a trading update from food-on-the-go specialist Greggs PLC, and first half results from Ferguson PLC - the plumbing supplies group formerly known as Wolseley
Week Ahead: Food price deflation a concern at Tesco
Retail titans dominate the corporate schedule this week
Tuesday's agenda: UK to drive top-line growth at ASOS
The UK is still driving sales growth for ASOS, though Europe remains a key focus
Investments and investor services
Blue-chips retain gains on Chinese stimulus hopes
The FTSE 100 Index ended the session 97 points higher at 5,876..
ScS to top expectations after strong finish to 2015
Easter was tough and prompted a profits warning, but Christmas and New Year was strong, sparking a profits upgrade
Risers & Fallers: Charlemagne, Greatland, Marechale, Mgt Resource, Progressive Digital, ScS
Ocado could be going up the Amazon, according to reports.
Thursday's agenda: Top-line disappointment in store for Morrisons and Astra
Not much chance to catch your breath at 7.00am on Thursday, with a cavalcade of company updates scheduled.