ScS ‘well positioned’ to navigate coronavirus as it reopens stores
ScS has said it is “well positioned” to survive the ongoing coronavirus crisis after it reopened 80 stores and its distribution network for deliveries in England.
In an update to the City this morning, the furniture and flooring retailer said that as of May 23 it had reopened 80 of its stores in England and had also begun making deliveries to customers in the country too, having closed both its store and online arms on March 23.
In line with separate, devolved governmental guidance, ScS said its 19 stores and distribution networks in Wales and Scotland remained closed.
The retailer said that since its stores and distribution network were closed, it drew £12m from its revolving credit facility on March 17.
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