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UK Retailers Gripped by Rise in Excess Stock, Markdowns

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U.K. retailers are plagued by excess stock as weather woes, stagnating incomes and Brexit-fueled economic uncertainty continue to roil the high street, trend forecaster WGSN reported on Friday. As retailers continue to ramp up their e-commerce strategies, volumes of new womenswear have grown 9 percent year on year (YOY), WGSN said. But a squeeze on…

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