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Nick Scali

Nick Scali Archives

Nick Scali’s sales steady, profit stumbles through first half

The group acquired Plush Think Sofas Pty Limited for $101.4 million adding 46 stores to its network.

Nick Scali buys Plush from Greenlit Brands

Sale – to be settled next month – gives Plush an enterprise value of $110 million.

Nick Scali profit doubled in FY21, online up 510 per cent

Nick Scali has doubled its profit in the last year, with NPAT reaching $84.2 million, due to a pick up in online sales a...

Nick Scali confirms it’s looking to buy Plush Sofas

According to reports, the buy-up could be part of a larger divestment by Greenlit which is reportedly also looking to se...

Nick Scali forecasts bumper year ahead as third quarter delivers

This follows the business’ doubling of first-half profit, announced in February, due to reduced discounting and increase...

Nick Scali to repay $3.6 million in JobKeeper subsidies

The announcement followed a week of scrutiny, after the business announced a 99.5 per cent increase in profit during the...

Nick Scali profit almost doubles during first half

January 2021 was the largest month of written sales orders the business has ever seen.

Nick Scali’s profit to double in the first half

Profit result is due to a strong Black November campaign and store reopenings.
Image of woman lounging on sofa

Nick Scali logs flat profits through pandemic shutdowns

Furniture retailer sees business boom into FY21.
Image of woman lounging on sofa

Nick Scali brings forward dividend payment on strong sales

Furniture chain says sales have rebounded, but FY20 earnings still expected to be slightly down.

Nick Scali sees profit falter on consumer fears

Profit fell 15 per cent to 21.6 million over the first half of FY20.

Nick Scali’s first quarter marred by cautious consumers

First three months of FY20 sees traffic and like-for-like sales plummet.

Election, housing slump slow growth at Nick Scali

Furniture retailer still managed to lift profit for the seventh year in a row.

Nick Scali enjoys record half-year profit

Furniture retailer expects 57 stores in its network across Australia and New Zealand by June.

Nick Scali hits record profits

An expanding store network drove profits in FY18.

Anthony Scali sells half stake in $77 million deal

Anthony Scali offloads shares in deal with Chinese Giant.

The week that was

Looking back at what made headlines this week.

Nick Scali cuts losses over dragging brand

Furniture chain cuts custom-furniture chain, looks abroad.

Kiwi foray pays off for Nick Scali

Positive half for furniture chain, appoints ex-DJs exec.

Perth-based syndicate buys into NSW large format market

Investment firm acts on asset in strongly performing sector.