By  on September 4, 2012

LONDON—It's official: The Olympics showered very little gold on British retailers.

The British Retail Consortium said like-for-like retail sales growth in the month of August was down by 0.4 percent compared with one year ago, despite high hopes that the Olympic Games would draw tourists eager to spend. Overall sales were up 1.6 percent, against a 1.5 percent rise in August 2011.

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