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

U.K. Retailing in Crisis as Sales Plunge the Most on Record

Jun 03 2019, 11:01 PMJun 04 2019, 8:38 AMJune 03 2019, 11:01 PMJune 04 2019, 8:38 AM

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