Sofa chain ScS has shrugged off a hit from its House of Fraser concessions and poor summer sales to post an 11% rise in annual profits. Sofa chain ScS has shrugged off a hit from its House of Fraser concessions and poor summer sales to post an 11% rise in annual profits. Despite lower sales and earnings in the concessions, ScS posted a 10.5% rise in full-year pre-tax profits to £13.2 million. David Knight, chief executive of ScS, said: “The downturn in sales in our House of Fraser concessions has been more than offset by growth in our core ScS business. Sports Direct bought House of Fraser from administration in August, just hours after it went into administration.

Source: Irish Independent October 02, 2018 08:26 UTC