This is a worldwide economic slump. So it's no surprise that stores in England are suffering like their American counterparts.
Sale fever 'not enough for shops'The annual stampede to the post-Christmas sales will not save stores from a grim 2009, the head of the British Retail Consortium says.
Thousands of shoppers have flocked take advantage of price cuts of up to 70%.
But the consortium's director-general Stephen Robertson said declining sales, heavy discounts and rising costs meant retail jobs were under threat.
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