ScS trading in line with expectations
ScS, the upholstered furniture and floorings retailer, has said its business is trading in line with expectations with like-for-like order intake down 7.1% in the 17 weeks to 23 November.
On a two year basis, like-for-like order intake fell by 4%.
In an AGM statement, ScS chairman Alan Smith said the decline marks an improvement on the like-for-like trading in the first nine weeks of the financial year. In its full year results, the company reported that trading in the period was hit by record temperatures over the August bank holiday weekend and the impact of Brexit uncertainty.
In today’s statement he said: “The group continues to focus on delivering a value proposition with excellent customer service whilst increasing our resilience. This puts us in a strong position to take advantage of opportunities which will add value in the longer term once the economy and consumer confidence improve.”
