Shoppers and pedestrians walk past a fashion retail store on Carnaby Street, in London, U.K. (Photographer: Jason Alden/Bloomberg)

U.K. Retail Crisis Deepens as Stores Report Plunging Sales

(Bloomberg) -- U.K. retail sales plunged in May, reinforcing a gloomy picture for the industry that’s seen a number of high-profile businesses run into trouble.

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