A New Era for Furniture Retailers in Department Stores

  • Sofa.com to replace ScS at House of Fraser
  • ScS concessions saw decline in orders
  • Only accounted for 2.7% of group’s order intake
  • Sofa.com has eight showrooms in the UK, trades online in 12 countries

Furniture specialists Sofa.com is set to introduce its products to seven House of Fraser outlets, replacing some of the ScS concessions. ScS, a sofa and carpet retailer, announced it would pull its concessions from House of Fraser by January 2019 as the company said the partnership was “no longer beneficial” following recent developments at the department store chain. In its financial results, ScS also revealed that its House of Fraser concessions saw a decline in orders and it only accounted for 2.7% of the group’s order intake. Sofa.com chief executive Richard Holmes said: ‘We hope that by having a bricks-and-mortar presence through House of Fraser, in cities where we do not have a showroom, it will bring more customers.’

Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about Sofa.com introducing its products to House of Fraser outlets, ScS pulling concessions from House of Fraser, and the reasoning behind these decisions. It also includes a quote from Sofa.com’s CEO. However, it could provide more context on the recent developments at House of Fraser and the impact of this change for both companies.
Noise Level: 3
Noise Justification: The article provides relevant information about the changes in partnerships between furniture retailers and department stores, but lacks in-depth analysis or exploration of broader trends or consequences.
Financial Relevance: Yes
Financial Markets Impacted: House of Fraser, ScS, and Sofa.com
Financial Rating Justification: The article discusses the partnership between House of Fraser, ScS, and Sofa.com, which impacts their financial performance and operations.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.retailsector.co.uk