ScS has issued a trading update ahead of announcing its preliminary results on 29th September 2020.
As previously reported, post-lockdown trading was "very strong", both in-store and online, states the retailer. Group order intake increased by +92.2% for the period from 24th May to 25th July 2020.
The statement reads: "We believe current performance continues to benefit from pent-up demand and an increased investment by UK consumers in their homes. Trading since the start of the new financial year has remained strong, with LFL order intake growth of +51% for the six weeks to 5th September 2020. This growth, which is equivalent to £19m of additional revenue, has significantly exceeded our expectations and the board continues to be encouraged by recent trading.
"The group is now entering its key autumn trading period and it remains difficult to predict the potential impact of the increased economic uncertainty, including the cessation of the Government’s CJRS scheme at the end of October. The group is well positioned, with our value-led proposition being underpinned by a strong balance sheet."