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High Street sales growth languishing at half pre-crisis levels, study says

Sales growth on Britain’s struggling High Streets is languishing at half the pre-crisis levels, claims gloomy new research from the British Retail Consortium.

The figures show average sales growth of 2.3 per cent so far this year, compared with 4.8 per cent in 2006.

They underline the difficulties facing retailers, with household names Burberry and French Connection among those falling on tough times.

Stephen Robertson, director general of the BRC, called on the government to scrap the January rise in fuel duty and freeze taxes on businesses to provide a much-needed boost to the retail sector.

Source : ThisIsMoney.co.uk
http://www.thisismoney.co.uk/money/news/article-2207594/High-Street-sales-growth-languishing-half-pre-crisis-levels-study-says.html?ito=feeds-newsxml

24 September 2012
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