ScS full year trading in line with expectations
ScS, the upholstered furniture and flooring retailer, has reported that trading for the year to 28 July has been in line with expectations.
In a trading update ahead of its preliminary results announcement on 2 October, ScS said it had seen its orders grow by 1.3% overall.
However, the retailer said a softer trading environment, coupled with hot weather in June and July, had resulted in its like-for-like order intake in the second half of the year declining by 2.6%. This meant that its overall like-for-like order intake increased by 0.2% in the full year.
In March SCS reported like-for-like order intake growth for the first half of the year of 2.2%, but also highlighted the impact of the adverse weather conditions in the week commencing 25 February, and said it expected trading to remain challenging.
In a statement today David Knight, chief executive of ScS, said: “I am pleased to announce that the group has traded in line with the board’s expectations for the year, an encouraging result given the challenging retail environment.
“We believe this demonstrates the increasingly resilient nature of our business and the success of our value proposition. We remain focused on continuing to deliver our growth strategy and providing excellent choice, value and quality for our customers.”
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