Sofas specialist ScS has reported a fall in sales as political volatility continued to hit trading.
In an AGM update, ScS said that its like-for-like order intake slid 7.1% in the 17 weeks to November 23. On a two-year basis, like-fpr-likes were down 4%.
ScS chair Alan Smith said: “It is clear that the ongoing economic and political uncertainties are continuing to impact consumer confidence and spending. However, the board is pleased to report that the business is trading in line with our expectations.”
He said that ScS’s perfprmance was an improvement on the like-for-like trading for the first nine weeks of the financial year which ScS year had previously reported.
Smith said: “The group continues to focus on delivering a value proposition with excellent customer service whilst increasing our resilience. This puts us in a strong position to take advantage of opportunities which will add value in the longer term once the economy and consumer confidence improve.”
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