ScS trades in line with expectations despite softening market

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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.

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