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Sales growth slips in London

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London's retail insurance holders experienced the weakest sales growth in 2009 over May, it has been revealed.

According to the British Retail Consortium's (BRC's) London Retail Sales Monitor, the capital's retail insurance customers saw 1.6 per cent like-for-like sales growth, compared to the 8.5 per cent reported the year before.

BRC director general Stephen Robertson said: "It's no surprise this May's sales growth was weaker than last year's, which greatly benefited from the dramatic improvement in the weather."

Mr Robertson added that London's retail insurance holders achieved a better performance than the rest of Britain, showing like-for-like sales growth of 4.1 per cent for March to May while UK sustained an average of 0.7 per cent.

He also claimed that the weak pound has resulted in more people visiting the UK from overseas, although those coming from western Europe tended to spend more cautious.

The BRC recently revealed that UK like-for-like sales values dropped by 0.8 per cent in May, when compared to the same month last year.
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