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Retailers report weaker sales over festive period amid ‘subdued consumer confidence’
• Business live – latest updates
The discount retailer B&M cut its profit forecast, while the value books and crafts chain The Works reported a fall in sales, highlighting a difficult Christmas trading period for British stores.
B&M’s UK sales fell by 0.6% on a like-for-like basis in its third quarter to 27 December, though it said sales improved in December after it reduced prices.
Source: www.theguardian.com
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