ScS trades in line with expectations despite softening market

Kevin Royal ScS update

Furniture and floorings retailer ScS said it has traded in line with expectations as it recorded order growth of 1.4 per cent in its full-year period ending July 29.

While order intake for the year dipped by 0.7 per cent on a like-for-like basis due to tough comparatives, the two-year like-for-like order intake increased by 14.3 per cent.

In addition, like-for-like order intake slipped by five per cent in the second half of the year, but the two-year like-for-like order intake for the second half improved with growth of 16.9 per cent.

READ MORE:  ScS managing director Kevin Royal departs

“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,” ScS chief executive David Knight said.

“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.”

SCS will publish its preliminary results on October 3.

Click here to sign up to Retail Gazette‘s free daily email newsletter


Please enter your comment!
Please enter your name here