Retailers in the U.K. posted their worst month
UK Posts Biggest Retail Sales Drop in Three
Years
Retailers in the
U.K. posted their worst month in
three years in
October. Data
published by the British Retail
Consortium and KPMG
showed that October U.K.
retail sales values fell 2.2 percent, on
a
same-store basis, from October
2007, noting that total sales
were
lower than a year ago
for the first time since April 2005.
Helen
Dickinson, head of retail at
KPMG, said the reduction in
consumer
spending was “hardly surprising
given the uncertainty created by the
turmoil
in the financial markets.”
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