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Retail sales dive-bomb in October

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Retail sales have fallen at the fastest rate since height of the financial crisis in 2009 through October, according to the CBI’s latest Distributive Trades Survey. 106 businesses were surveyed including 49 retailers and revealing that retail sales, supplier orders and relative seasonal sales had all dropped sharply. Just 15 per cent of retailers reportedly saw sales rise in October while 50 per cent reported a sales drop yielding a rounded balance of -36 per cent, far below expectations of a 23 per cent rise

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Retail sales dive-bomb in October

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