SCS shares plummet

8 May 2015

sofa Have you got a sofa? Chances are you won't be needing another one then. Can't afford a mortgage? Chances are you won't be needed that new couch.

It seems that no-one wants a sofa, as shares in SCS - and their perpetual sales - have dropped by a whopping 31.3% last night.

What's the problem? Well, the couch-chain blamed the warmer weather and uncertainty over the General Election for the drastic slide in sales in April. Of course, warm weather means no-one wants to sit down and the general election has made people look at their furniture with suspicion, or something.

The retailer said like-for-like order intake dropped by 15.9% in the four weeks to May 2nd, as consumers avoided spending money on big-ticket items over the Easter and May bank holidays.

Sofa, so terrible.

TOPICS:   High Street News

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