Steady trading at ScS.
Like for like sales order intake was up 4% up for the first 17 weeks of the financial year.
Mike Browne, Executive Chairman said “‘The January sale has been a successful trading period for ScS, despite losing a key trading day over the Bank Holiday period due to Christmas Day falling on a Sunday and being up against strong comparatives in the prior sale period. This has resulted in the anticipated slowdown in growth of like for like sales order intake since we announced our final results in November.’
‘We opened five new stores on Boxing Day, all within existing regions, and these, together with the four stores opened in October, have traded very successfully. We remain on target to open another eight stores during this financial year which will give us 84 stores at the end of the year.’
‘We are delighted to have started this financial year with a strong performance and current trading remains in line with expectations. We recognise that there is still uncertainty in consumer confidence. However, we believe our successful formula and expansion plans mean that ScS are well positioned to take advantage of opportunities within the market to continue our growth strategy.’
