// ScS Christmas orders increased 1.2%
// CEO David Knight will retire next year after 32 years with the business
// ScS said it traded in line with expectations during the period
ScS Christmas orders increased over the period thanks to its “excellent customer service” as chief executive David Knight announced plans to retire after 32 years.
For the for the 26 weeks to January 25, ScS experienced a like-for-like order intake growth of 1.2 per cent – an improvement on trading for the first 17 weeks of the year, which had a like-for-like order intake decline of 7.1 per cent.
The furniture retailer said it will continue to “focus on building a flexible and resilient business, whilst delivering a value proposition with excellent customer service”.
“Whilst we are mindful of the continued economic uncertainty and subdued consumer confidence, we believe that this focus puts us in a strong position to take advantage of opportunities which will add value in the longer term,” ScS said in a statement.
Moreover, Knight is due to step down next year after unveiling his plans to retire from full time executive responsibilities.
“A search process to identify David’s successor will commence shortly,” the furniture retailer said.
ScS chairman Alan Smith said: “David has committed a very substantial part of his working career to ScS and has been pivotal to its success.
“We are delighted that he will remain in the role of group chief executive until we have his successor in place and ensured an orderly handover.”