retail headquarters sunderland tyne and wear united kingdom key people david knight ceo products furniture parent a. share & sons limited website www.scs.co.uk scs sofa carpet specialist formerly suite centres sunderland is a home furnishings retailer in the united kingdom specialising in sofas carpets and flooring dining and occasional furniture . contents 1 history 1.1 2007 2008 impact of economic downturn 1.2 2011 expansion of interest free credit 1.3 2014 partnership with house of fraser 1.4 2015 return to stock market 2 products 2.1 expansion of product range and re branding 2.2 third party products 2.3 own brands 3 references 4 external links history edit scs was established in sunderland tyne and wear in 1894 as a family owned home furnishings store . 1 by the 1980s there were a total number of eight scs stores in the north east of england . 2 in 1993 a management buy out enabled the business to expand out of the region and become a prominent upholstered furniture retailer in the united kingdom with focus on gaining presence in large retail parks . as part of the company s growth strategy in 1997 the business was listed on the official list and as scs upholstery plc was admitted to trading on the london stock exchange s main market for listed securities . over the following 10 years the number of scs stores grew to 95 supported by nine distribution centres . 2007 2008 impact of economic downturn edit the scs brand was adversely affected by the economic downturn in 2007 and 2008 . constraints on consumer lending and reduced disposable incomes saw a decrease in demand for big ticket items such as large home furnishings manifesting in trading difficulties for scs and pressure upon financial resources . this was compounded by the withdrawal of credit insurance that had covered suppliers against scs debt to them and in 2008 scs collapsed into administration . in order to generate a significant cash investment both immediate and long term scs was sold to sun capital partners in july 2008 . 3 under new ownership scs increased their share of the upholstered furniture market from 5 % in 2009 to 7.9 % in 2013 . 4 2011 expansion of interest free credit edit in 2011 scs expanded their four years interest free credit offering to include all of their products . 2014 partnership with house of fraser edit in may 2014 a pilot partnership with united kingdom department store chain house of fraser commenced 5 with scs concessions opening in three stores in the north east of england . following its success the concessions were rolled out at a further 36 house of fraser stores under their for living brand during 2014 . 5 the house of fraser for living website was launched in september 2014 . 2015 return to stock market edit in january 2015 scs returned to the stock market 6 with an opening price of 185p an share . 7 the stock market return was directed by alan smith former chief executive of somerfield . 4 scs currently has 97 stores located in england scotland and wales in addition to an online store at scs.co.uk which was first launched in 2009 and relaunched with an enhanced shopping experience in july 2014 . products edit expansion of product range and re branding edit the scs product range was expanded beyond upholstered furniture in 2010 to include dining and occasional furniture . in 2012 the scs product range was expanded further to include flooring . the new product additions initiated the rebranding of scs as sofa carpet specialist . 8 third party products edit until 2009 with the addition of la z boy products to the range scs sold no third party products . a second third party brand g plan was added in 2010 . parker knoll the latest addition to the third party brands was added to the range in march 2014 . own brands edit in 2010 scs launched its first own sofa brand sisi italia . a second own brand endurance was added in 2012 which encompasses upholstery and flooring products . references edit company details . scs . retrieved 11 march 2015 . history . scs . retrieved 11 march 2015 . wearden graeme 3 july 2008 . scs rescue leaves shareholders in cold . the guardian . retrieved 11 march 2015 . a b kleinman mark 9 january 2015 . ex somerfield chief to lead sofa chain float . sky news . retrieved 11 march 2015 . a b farley paul 23 may 2014 . house of fraser announces brand partnership with scs . furniture news . retrieved 11 march 2015 . hardesty jamie 28 january 2015 . sunderland sofa firm scs returns to the stock exchange . bdaily . retrieved 11 march 2015 . scs stock market return opens door to retail ipos . retail week . 28 january 2015 . retrieved 11 march 2015 . did you know ... that scs has rebranded itself as a sofa carpet specialist following the introduction of carpet departments to all stores in 2012 . retail week . 26 april 2013 . retrieved 11 march 2015 . external links edit official website official blog retrieved from https en.wikipedia.org w index.php title scs & oldid 744335482 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