LONDON (Reuters)—British retailers saw the biggest annual decline in prices since at least 2006 in June, with cheaper furniture, electricals and clothes as well as a supermarket price war all contributing, an industry group said on Wednesday.
The British Retail Consortium reported that prices in shops fell 1.8 percent last month compared with a year earlier. The decline was the biggest annual drop since the survey began in December 2006.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"