A recent report from CBI states that retail sales have fallen for the longest period in nearly 8 years. This is yet more damaging news for the retail sector with more chains expected to fall into insolvent processes and disappear from the high street.
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“Despite the recent pick-up we’ve seen in households’ real earnings, the sun is clearly not shining on the British high street,” said Rain Newton-Smith, chief economist at the CBI, which represents British businesses."
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