31st Jan 2017 07:55
LONDON (Alliance News) - ScS Group PLC on Tuesday said it traded in line with the board's expectations in the first half of its financial year, but said it is "mindful" of the strong comparatives it will face in the remainder of the year.
The furniture and floorings retailer said it achieved like-for-like order intake growth of 2.7% year-on-year in the 26 weeks ended January 28, which it described as a "pleasing" performance against a "particularly strong" comparative.
Trading over the Christmas and January sales period was also in line with expectations, ScS said.
ScS added that its four new stores in Aberdeen, Thanet, Plymouth and Straiton in Edinburgh, have traded strongly since opening. ScS now trades from 100 stores, while operating 28 House of Fraser concessions.
"We remain mindful that the group still faces the key Easter and May bank holiday trading periods and faces very strong comparatives during the remainder of the year. The board believes the business remains in a strong position to maximise opportunities as they arise and to grow market share," ScS said in a statement.
By Karolina Kaminska; [email protected]; @KarolinaAllNews
Copyright 2017 Alliance News Limited. All Rights Reserved.
Related Shares:
SCS.L