ScS says trading is in line with expectations
Furniture retailer ScS saw its revenue edge up 1.1% to £151.4 million in the six months to 26 January.
Pre-tax profit climbed to £500,000 in the period from £400,000 at the same time in the previous year.
The company achieved like-for-like order intake growth from continuing operations of 1.5% in the period.
David Knight, chief executive of ScS, said: “The group continues to deliver profitable growth whilst increasing its resilience. The board is pleased with the group’s year to date trading, which is in line with its expectations.
“Our focus on providing excellent choice, value and quality for our customers, coupled with our commitment to delivering against our strategic priorities, continues to prove successful.”
The company said trading over the key winter sales period was in line with expectations although sales were impacted by the loss of one trading day in the week of Boxing Day.
During the period, ScS continued to invest in its online operations which helped online sales to increase by 30% to £7.8 million.
Looking ahead, Knight said: “ The retail market continues to suffer in the midst of the uncertain economic and political environment. We therefore expect the trading environment to continue to remain challenging in the short to medium term, although the board is confident that the group is well positioned to maximise opportunities as they arise.”
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