THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
Future of Retail Marketing 2020
Omnichannel Transformations 2020
The HR Summit 2020
The Future Of AI in Retail Conference 2020
Omnichannel Futures Conference 2021
The Omnichannel Journey
Optimizing Workforce Management
ABOUT
CONTACT
SUBSCRIBE FOR FREE
ScS trades in line with expectations

Upholstered furniture and floorings retailer ScS has reported trading in line with expectations with order growth of 1.4% in the year to 29 July. The company… View Article

HOME & DIY

ScS trades in line with expectations

Upholstered furniture and floorings retailer ScS has reported trading in line with expectations with order growth of 1.4% in the year to 29 July.

The company had previously said in March that it was facing “very challenging” comparatives and what appeared to be a softening market environment.

While like-for-like order intake in the second half of the year declined by 5%, the two-year like-for-like order intake for the second half of the year improved and delivered growth of 16.9%.

Due to the strong comparatives from last year, the company experienced an order intake decline of 0.7% on a like-for-like basis for the year. However, the two-year like-for-like order intake climbed by 14.3%.

David Knight, chief executive of ScS, said: “We are pleased that despite the challenging comparatives and wider market backdrop we have traded in-line with the board’s expectations for the year.

“Looking ahead, notwithstanding the current trading environment, the Board believes the business remains in a strong position to maximise opportunities as they arise and to grow market share.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News