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Retailers' sales growth offers hope for festive period

UK retailers have this month enjoyed their fastest annual pace of sales growth since June and are employing more staff than this time last year, according to a survey which provides hope for the key festive trading period.

In the CBI's latest monthly distributive trades survey, conducted between October 30 and November 16 and published yesterday, 49% of retailers said sales volumes were ahead of the same time last year. Only 16% reported sales were lower.

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