ScS sales hit by warm weather and General Election
ScS, the upholstered furniture and floorings retailer, has said that lower footfall in the four weeks following Easter Monday led to a 15.9% drop in sales.
In a statement, the company said that trading in the 10 weeks to 4 April was in line with expectations, with like-for-like order intake up 7.6%, but like-for-like order intake in the four weeks to 2 May was 15.9% below last year.
ScS said trading over the Easter Bank Holiday weekend and the first May Bank Holiday had been impacted by a period of warmer weather resulting in lower footfall in stores. It added: “Together with uncertainty over the outcome of the General Election, has significantly lowered customers' confidence in committing to big ticket purchases and resulted in higher levels of market discounting.”
The company expects trading to revert to more normal levels and to report EBITDA of between £11 million and £12 million for the full year to 25 July 2015, including the expected loss from a House of Fraser concession agreement.
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