Department StoresDIYHigh Street

ScS to pull concessions from House of Fraser

Furniture and floorings retail chain, ScS, has announced it will cease trading within House of Fraser stores in its trading update for the 12 weeks ending 20 October 2018.

The group said due to developments with House of Fraser over the last few months, it believed the partnership was “no longer beneficial” to ScS.

During the period, the company’s House of Fraser concessions saw a decline in like-for-like orders of 52.5%. Furthermore, the House of Fraser concession business accounted for only 2.7% of the group’s order intake. ScS confirmed it would cease trading from its 27 concessions in House of Fraser by the end of January 2019.

The company said it will work with affected employees and look to re-deploy them elsewhere within the ScS business.

Overall, the group reported it had achieved like-for-like order intake growth of 1.2% for the 12 weeks ended 20 October 2018 and the core business saw like-for-like order intake growth of 4.5%. Two year like-for-like order intake had also grown 7.4%.

David Knight, chief executive officer of ScS, said: “I would like to take this opportunity to thank all of our colleagues who have worked in our House of Fraser concessions over the past few years for their dedication and hard work. However, given developments in House of Fraser over the last few months, it has become clear that the partnership was no longer beneficial to ScS.

“We are pleased to announce that we have continued to trade well in the core ScS business in the first 12 weeks of our financial year. We will continue to focus on our successful value offering proposition, coupling this with the excellent service that ScS provides and that our customers know and love.”

Back to top button