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ScS brief update confirms trading inline as House of Fraser concessions end.

ScS brief update confirms trading inline as House of Fraser concessions end.

Thu 31 Jan 2019 07:54 by ukcitymedia.co.uk about : operational news - 0 Comments - 420 words


ScS, one of the UK's largest retailers of upholstered furniture and floorings, today issues the following trading update ahead of announcing its interim results for the 26 weeks ended 26 January 2019 on 19 March 2019.

 

The core ScS business has continued to trade in line with our expectations, with like-for-like order intake growth of 1.5% for the 26 weeks ended 26 January 2019. Two-year like-for-like order intake has grown 4.5%. Trading over the key winter sales period, whilst impacted, as expected, by the loss of one trading day in the week of Boxing Day, was also in line with our expectations.

 

In line with the plan announced on 25 October 2018, the Group has now ceased trading from all 27 concessions within House of Fraser.

 

The Group has traded in line with the Board's expectations in the first half of the financial year. Whilst we are mindful of the risk from the impending Brexit outcome, we believe the Group's increasing resilience puts the business in a strong position to manage the continued economic uncertainty and take advantage of opportunities.

 



These articles are summaries / highlights and dont always include all financial news updates. Check at company website INVESTORS INFORMATION for full published results.


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