Rain and Interest Rates Hit High Street

Summary


POOR weather and higher interest rates combined to give shop owners their worst sales performance in 18 months, a CBI survey for August has revealed.

The slowdown continued a trend that began in July when retailers said sales of goods such as football kits, beer and televisions suffered in the wake of the Euro 2004 championships.

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Extract


Rain and Interest Rates Hit High Street

Analysts said the data showed that household spending ...

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