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.
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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
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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
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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%