Brexit uncertainty “continued to impact” ScS sales, chairman says

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ScS Alan Smith trading update
Despite the sales decline, ScS said its business is trading in line with expectations
// ScS sales down 7.1% in the 17 weeks to November 23
// ScS said its trading was affected by record temperatures over the August bank holiday weekend, as well as Brexit uncertainty

ScS has reported a drop in sales as political uncertainty continued to affect its trading.

In the 17 weeks to November 23, the sofa retailer’s like-for-like sales fell 7.1 per cent.

ScS said its trading during the period had been affected by record temperatures over the August bank holiday weekend, as well as Brexit uncertainty.


READ MORE: ScS sales smash £330m as CEO hails progress


Despite the sales decline, ScS said its business is trading in line with expectations.

“It is clear that the ongoing economic and political uncertainties are continuing to impact consumer confidence and spending,” ScS chair Alan Smith said.

“The group continues to focus on delivering a value proposition with excellent customer service whilst increasing our resilience,” he said.

“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.”

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