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UK high street has worst month since 2008
August turned out to be the worst month for Britain’s retailers since the financial crisis of 2008, a survey has shown, as poor weather and a spike in foreign holidays kept shoppers away from the high street. Retail sales fell by 4.3% on the year before, according to the monthly high street sales tracker from accountancy firm BDO. This was the biggest drop since November 2008 and the sixth monthly fall this year. The John Lewis department store chain, seen as a barometer of the high street, reported a 3% drop in August sales year on year. Sales were down 3.4% in the latest week to 29 August. Fashion sales slipped ... (full story)
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