UK retail sales surprise with negative growth in March

04/24/2013 | Bloomberg Businessweek

Thwarting forecasts of strong growth, UK retail sales growth fell to a reading of minus 1 in March, in part due to record cold weather. Consumers are lacking the confidence to go out and spend, according to Barry Williams, chief merchandising officer for food at Wal-Mart Stores' ASDA unit. Data due today will reveal whether the UK has entered a triple-dip recession.

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