ScS sees sales climb by £22m as "pent up demand" changes customer habits
A UK furniture retailer has reported that its sales have increased by nearly 14 per cent in the last six months.
ScS, which has more than 100 stores across the country, saw gross sales increase £182.3m, up by 13.9 per cent from last year’s £160.1m.
The company said that the increase was due to a “significant” order intake in the summer following the first national lockdown.
It also reported that its order book is £90.5m, £16.8m higher than at the same point in the previous year.
In today’s statement, ScS said: “Whilst it is too early to provide clarity on the outlook for the weeks and months ahead, we remain cautiously optimistic given the strong trading experienced by the group following the first and second lockdowns.
“Given the tactile nature of our products, the majority of customers chose to wait until stores reopened to try our products in person before making their purchasing decision.
“This resulted in the business benefiting from pent up demand, coupled with an increased level of investment by UK consumers in their homes.
“The group has built a robust balance sheet and continues to focus on cost and cash management to ensure we maintain this resilience in these challenging times.”
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