THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
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.

HOME & DIY

ScS full year trading 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."

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing