ScS Group PLC Trading Update (5166V)
January 31 2017 - 2:00AM
UK Regulatory
TIDMSCS
RNS Number : 5166V
ScS Group PLC
31 January 2017
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 c/o Buchanan +44
David Knight, Chief Executive (0)20 7466 5000
Officer
Chris Muir, Chief Financial
Officer
Buchanan Tel: +44 (0)20 7466
Richard Oldworth 5000
Jane Glover scs@buchanan.uk.com
Madeleine Seacombe
Investec Tel: +44 (0) 20 7597
Garry Levin 5970
David Flin
George Price
Alex Wright
This information is provided by RNS
The company news service from the London Stock Exchange
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