ScS to announce lower LFLs at AGM
ScS, which will hold its AGM later today, reports group trading in line with the board’s expectations.
Chairman Alan Smith will make the following statement: “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. In the 17 weeks ended 23rd November 2019, the LFL order intake decreased -7.1% and the two year LFL order intake decreased -4.0%. This is an improvement on the LFL trading for the first nine weeks of the year which we reported with our full-year results.
“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.”