Furniture retailer orders soar
By Sarah Wood | 17th June 2021
Furniture retailer ScS has increased its outlook for this financial year and next, after a big rise in orders since stores reopened.
The retailer, which has stores in Cheltenham and Gloucester, said like-for-like orders between April and 12th June were up 79 per cent on 2019 pre-pandemic levels, boosted by the reopening of non-essential shops on 12th April, as reported by Retail Gazette.
Orders were at £116.6 million on 12th June, 50 per cent higher than a year ago.
Shares in ScS increased by 10 per cent, after the retailer said its performance will be ahead of expectations for the current financial year - ending 31st July - and for the year ahead.
ScS said online orders were up 95.3 per cent in the year so far and 165 per cent higher than 2019 levels.
The news comes as many home furnishing retailers have seen a big rise in sales, with Brits turning to home makeovers during lockdowns, with little else to spend their time or money on.
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