- ScS like-for-likes in 25 weeks to January 16 up 8.8%
- Specialist expects to report full-year profits “significantly ahead of current market expectations”
- Boss David Knight “delighted” with Christmas and January Sales performance
Furniture and floorings specialist ScS has raised its full-year profits forecast after strong trading over the festive period and January Sales.
Like-for-likes in the 25 weeks to January 16 rose 8.8%, which the retailer said was “pleasing” against tough comparatives.
As a result, ScS said it expects to “report (full-year) profits significantly ahead of current market expectations”.
Chief executive David Knight said: “While we still have key trading periods over Easter and the two May bank holidays in the current financial year, we are delighted with the performance over the Christmas and January Sales period and for the year to date.”
Last September Knight defended ScS’s concessions in House of Fraser after it emerged the 30 shop-in-shops were loss making, depsite generating £21.2m of sales during the financial year.