LONDON (AP) -- HMV Group PLC, a retailer that sells music, DVD, games and books, said Friday that its sales are growing at a much slower pace as consumers begin to halt purchases as the economic climate worsens.HMV said that same-store sales across its group rose 1.3 percent in the 18 weeks to the end of August, significantly slower than the 10.1 percent growth previously.
The group's book retailing arm, Waterstone's, was the weakest link, posting a 4.3 percent slump in same-store sales, reflecting a weaker book market and tough comparisons with the previous period.
Same-store sales are a key indicator of retail health, comparing sales at stores open at least a year.
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