// ScS is on track to meet full-year market expectations, after being “encouraged by recent order levels”.
// The Sunderland-headquartered furniture business said that like-for-like order intake momentum “improved significantly”
ScS returned to growth over the last 10 weeks and has held its profit outlook for the financial year as a result.
The flooring and furniture giant posted order growth of 2.6% for the 10 weeks to 28 January 2023, which included the key winter sale as its like-for-like levels “improved significantly”.
The business has vowed to continue with expansion plans following the opening of two new sites in Swindon and York, bringing its total UK store count to 100.
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Orders did slip 4.7% for the 26 weeks to 28 January 2023, with the first impacted by tough comparables, according to the retailer.
A spokesperson said in a statement: ”Despite the current economic climate remaining challenging and unpredictable, the board is encouraged by recent order levels.
“We continue to believe that the group’s refreshed strategy, strong cost management and robust balance sheet places it in an excellent financial and operational position. The group remains on track to meet full-year market expectations”
At the start of the year, ScS bought Snug from administration for just £875,000 in a pre-pack deal, with plans to add the brand’s concession to its stores.
The business snapped up Snug’s brand, domain names, website, IP and stock in the deal, in which Evelyn Partners acted as administrator.
Snug, which is expected to have turned over around £20m in 2022, was founded in 2018 and was Europe’s first sofa-in-a-box firm with modular and reconfigurable furniture available in a range of colours
All 53 of Snug’s staff will join ScS as part of the acquisition and at the time the retailer said the move to add Snug concessions to its stores would significantly improve the brand’s visibility and penetration across the UK.
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