Tablet PCs, cheap fashion lift UK retailers

LONDON (Reuters) – Trading updates from six major British retailers on Thursday demonstrated that the must-have gadget, cheap fashion and internet sales were key to overcoming an otherwise tough Christmas. Consumer spending generates about two-thirds of Britain’s gross domestic product, but job insecurity and a squeeze on incomes has put shoppers under pressure, which in turn has given retailers a rough ride, pushing music retailer HMV, camera store Jessops and DVD rental firm Blockbuster into administration over the last week. …

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