Furniture retailer ScS has attributed an increased sales density at its stores for a rise in its annual net profit.
In its annual report covering the year to July 29, net profit rose by eight per cent to £9.4 million, up from £8.7 million in the previous year.
Meanwhile, pre-tax profit rose to £12 million from £10.9 million, and revenue climbed 4.9 per cent to £333 million.
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The retailer said much of its full-year growth is owed to a 3.7 per cent increase in sofa sales, a five per cent uptick in flooring sales and a strong digital performance which rose 12.3 per cent to £11.3 million.
ScS also opened its 100th store during the same period, and its 27 House of Fraser concessions grew 8.3 per cent to £27.4 million
The retailer added that trading since the start of the new fiscal year was currently in line with its expectations.
“We are delighted to be reporting continued sales growth across all areas of the group for the third year in a row,” chief executive David Knight said.
“The core SCS business has continued to focus on providing excellent choice, value and quality for our customers, and I am pleased to see this delivering record results in furniture and flooring sales.”
