8th Aug 2018 12:02
LONDON (Alliance News) - ScS Group PLC said on Wednesday its trading for the year is in line with its expectations.
The furniture and flooring retailer said its overall orders growth of 1.3% in the 52 weeks ended July 28.
The company's like-for-like order intake in the second half decreased 2.6% due to the "softer" trading environment and "extremely" warm weather.
As a result, the company's overall like-for-like order intake increased 0.2%.
Chief Executive Officer David Knight said: "I am pleased to announce that the group has traded in line with the board's expectations for the year, an encouraging result given the challenging retail environment. We believe this demonstrates the increasingly resilient nature of our business and the success of our value proposition. We remain focused on continuing to deliver our growth strategy and providing excellent choice, value and quality for our customers."
Shares in SCS were down 1.2% Wednesday at 212.01 pence each.
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