SCS shares plummet
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