31 Jan 2017 07:00
| 31 January 2017 |
ScS Group plc
("ScS", or the "Group")
Trading Update
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 28 January 2017 on 21 March 2017.
The Group has traded in line with the Board's expectations in the first half of the financial year and continues to make progress with its strategy for growth. The Group achieved like-for-like order intake growth of 2.7% for the 26 weeks ended 28 January 2017, a pleasing performance against particularly strong comparatives. Two year like-for-like order intake has grown 12.5%. Trading over the Christmas and January sales period was also in line with the Board's expectations.
Our four new stores in Aberdeen, Thanet, Plymouth and Straiton (Edinburgh) have seen strong trading since opening. Following these openings, the Group now trades from 100 ScS stores and operates 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.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Enquiries:
ScS Group PLC David Knight, Chief Executive Officer Chris Muir, Chief Financial Officer | c/o Buchanan +44 (0)20 7466 5000 |
Buchanan Richard Oldworth Jane Glover Madeleine Seacombe | Tel: +44 (0)20 7466 5000 scs@buchanan.uk.com |
Investec Garry Levin David Flin George Price Alex Wright | Tel: +44 (0) 20 7597 5970
|