The spike in orders last summer has helped ScS to a double-digit sales increase for the past six months.
Sales for the 26 weeks to 23 January 2021 increased 13.9% to £182.3m. ‘This increase is due to the significant order intake growth seen in June and July 2020 following the first lockdown, together with the strong trading in the first quarter of the current financial year. Unlike the first national lockdown, and in line with government guidelines, our distribution centres have remained operational throughout the period and continue to deliver goods to our customers,’ says the chain.
As of 23 January, its order book is £90.5m (including VAT), £16.8m higher than a year ago.
Due to increased restrictions across the UK, the chain began its winter sale with 57 of its 100 stores trading on Boxing Day. Following further restrictions, 37 stores then closed on 30 December, with the remaining 20 closing on 4 January. ‘Performance in these stores was strong whilst they remained open. The group’s online sales channel continues to make good progress, with the half year seeing an increase in order intake of 98% when compared to the same period in the prior year.’
ScS ended the period with cash of £91.8m, plus unused access to banking facilities of £20m.
