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Retail suffers worst month ever, says CBI

Retail sales have fallen at their joint fastest rate on record this month.

According to the CBI a net balance of -55% of retailers reported rising sales, down from -3% in March. The decline matches that of December 2008.

Every sector suffered in April, including grocery stores. A net balance of -27% of food retailers reported rising demand, a sharp fall from a positive 94% in March.

The Times (£)

The Guardian

 

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