All ScS articles
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NewsScS-owner Poltronesofà sees sales uptick from refreshed UK stores
ScS-owner Poltronesofà is close to completing a £57m transformation of 96 of the sofa retailer’s stores and expects it to be “highly profitable” by 2026, Retail Week can reveal.
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Retail Navigator AnalysisScS (Strategy)
ScS owner Poltronesofà closes Snug business as it focuses on “different business model and range”. The sale of carpets and flooring online via the ScS business had already been stopped as its new owners shape its future strategy.
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NewsScS has stopped selling carpets
ScS has wound down the sale of flooring and carpets since it was bought by an Italian furniture retailer, Retail Week can reveal.
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NewsScS chief executive to stand down
The boss of furniture specialist ScS, who oversaw an almost £100m takeover at the end of last year, is set to exit the business.
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NewsScS shareholders vote through £99m sale to Poltronesofà
The £99m takeover of ScS by Italian sofa retailer Poltronesofà has been given the go-ahead after shareholders voted in favour of the deal yesterday.
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NewsScS posts ‘resilient’ results as current trading ‘toughens’
Profits at sofas retailer ScS edged down last year and the retailer reported that the trading environment has been harder in the first quarter of the new financial year.
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NewsScS welcomes £99m takeover bid from Italian sofa retailer
ScS has agreed to a £99.4m approach from Italian sofa retailer Poltronesofà.
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NewsScS confident in full-year profit guidance despite cost-of-living crisis
Furniture specialist ScS expects to report full-year profit guidance in line with expectations, despite the ongoing effects of the cost-of-living crisis.
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NewsEnd Clothing chief finance officer moves to ScS
ScS has named Mark Fleetwood as its new chief financial officer, who will take up the role from outgoing CFO Chris Muir later this year.
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Opinion‘Retail operations has become the training ground for successful CEOs’
A retail operations background is increasingly the training ground for successful chief executives, says Fran Minogue
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NewsScS confident of bouncing back despite losses
ScS is confident it will bounce back despite having reported deepening losses in the first half of its financial year.
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NewsScS returns to order growth over winter and holds outlook
ScS returned to growth over the last 10 weeks and has held its profit outlook for the financial year
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NewsSofa-in-a-box brand Snug bought by ScS
ScS has snapped up digital-first sofa-in-a-box brand Snug for £875,000.
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NewsScS profits soar ‘ahead of expectations’ as sales reach record highs
ScS has reported record sales figures in the first full year of its new strategy.
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NewsScS appoints ex-Argos boss John Walden as chair
ScS has named former Argos and Home Retail Group boss John Walden as its new chair.
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NewsScS bumps up profit expectations as like-for-like orders grow
Furniture giant ScS has announced that full-year profits will be ahead of expectation as like-for-like orders grew during the period.
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NewsScS blames international supply chain issues as it slips to loss
ScS has slipped into the red, blaming international supply chain issues for its subdued revenues and profits.
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NewsScS back in the black after ‘strong recovery’ from the pandemic
Furniture and flooring specialist ScS has hailed a “strong year of recovery” after returning to profitability and reporting soaring sales.
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Retail Navigator AnalysisScS (SWOT)
ScS stands to benefit from its recent acquisition by Italian sofa retailer Poltronesofà. This will significantly increase the scale of the business, providing increased funding to pursue opportunities for growth as well as access to the Italian specialist’s manufacturing and design capabilities.
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Retail Navigator AnalysisScS (People)
Former Holland & Barrett boss Steve Carson has had the helm as CEO at ScS from the beginning of 2021, succeeding ScS lifer David Knight who stepped down from the business mid-year following a six-month handover period.