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Sofa retailer ScS doesn’t sit easy with investors

Revenue increase bolstered by higher online sales
Sofa retailer ScS doesn’t sit easy with investors
  • Order intake falls in the first nine weeks of the current financial year
  • Supply chain challenges lead to lengthening delivery times

It’s understandable that investors reacted negatively to ScS Group’s (SCS) results. Like-for-like orders were 1.5 per cent lower than last year and 6.5 per cent down on its 2019 financial year. And chief executive Steve Carson flagged a range of issues currently being faced by the company including driver shortages, shipping challenges and raw material price rises.

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