Christmas brings little respite for struggling UK high street
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LONDON (Reuters) - A Christmas crunch inflicted more pain on British retailers on Thursday, as changing habits and belt-tightening exposed the industry's struggle to eke out growth and its slim margin for error.One of Britain's best known chain stores John Lewis [JLPLC.UL] warned it was one of the "most severe" markets in a generation, Marks & Spencer's described conditions in clothing and homeware as "challenging" while Britain's biggest retailer Tesco said the market was subdued.Industry data..