Sales 'fail to boost High Street'
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The January sales failed to help the UK High Street recover from a poor Christmas season, a survey by the British Retail Consortium finds.
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Sales of new homes were unexpectedly weak last month, although they climbed off an 11-year low, and orders for long-lasting goods fell, according to data on Thursday that underscored the economy's weakness.
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Flat prices in most parts of England and Wales are not keeping up with houses, Land Registry figures show.
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The wettest June on record sees UK retail sales rise more slowly than expected in June, official figures show.
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Supermarket Sainsbury's reports a modest rise in sales over the Christmas period.
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Shoppers are wary about High Street spending despite August's better weather, the latest sales figures show.
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Consumers undeterred by escalating credit problems and a weakening housing market went on a back-to-school buying spree last month, helping many retailers rebound from July's disappointing sales. But analysts are still worried that economic concerns might curtail shopping in the critical months ahead.
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The January sales achieved only small growth in High Street activity, according to an industry survey.
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Woolworths says it expects its High Street retail arm to return to profit despite waning consumer confidence.
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HIGH-STREET retailer Boots reported a cooling in sales growth yesterday after disappointing summer weather stalled demand for suncare products.
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UK retailer Marks and Spencer said this morning that clothing and home sales had been steady in the two week period since the last trading update, but food sales had been slightly lower.
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Business & money: Official data reveals a worse-than-expected fall in retail sales last month
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Sales growth was slow at major retailers in September, as same-store sales rose 2.4 percent in September, according to data from the International Council of Shopping Centers and UBS released last week.
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Record sales discounts are predicted on the High Street as retailers try to recoup low Christmas profits.
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Retail sales in Britain rose at the fastest pace for eight months in September, though underlying growth continues to slow, raising fresh doubts on the interest rate outlook.
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Warnings of a poor Christmas for High Street retailers in the UK are unduly pessimistic, according to accountants Deloitte &Touche.
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UK High Street sales fell more sharply than expected - dropping by 0.4% in July, official figures show.