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Poor October sales for retailers

British clothing retailers saw October sales rise just 0.8% on last year as mild weather kept shoppers out of stores, according to figures released by the British Retail Consortium.

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Sluggish retail sales show recovery is a 'relentless slog'

David McCorquodale, head of retail at accountants KPMG, who sponsored today's retail sales survey by the British Retail Consortium said the poor figures show Britain's economic recovery is a "slow, relentless slog".

October was another difficult month for retailers, reminding us that recovery is a slow, relentless slog.

Whilst the summer months hinted at increased consumer confidence, retailers will struggle to maintain a sustained sales recovery until wage growth outpaces price inflation.

– David McCorquodale, head of retail at KPMG

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