3/24/2010

Early March retail sales in the UK increased, but not as quickly as in February, demonstrating that consumers continue to exercise caution. "Despite not matching the strength seen in February, it's encouraging that high street sales have continued to grow this month. The outlook for Easter may still be positive but, with a weak economy and pay freezes for many, consumers are likely to remain cautious for some time," said Andy Clarke, chief operating officer at ASDA.

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