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World of retail does some soul-searching

Sales for June should provide a little cheer for retailers as winter bites but the outlook remains unsettling. Business and consumer confidence remains weak, despite the sugar hits of tax cuts and lower interest rates, neither of which is likely to provide the magic solution retailers are desperate to find. After flat retail sales in April and May, June and July should both be better courtesy of those winter chills and the mid-year sales that could capture a slice of the tax cuts. The wintry wea