April retail reports add up to respectable spring

Please subscribe to IBJ to decode this article.

nct risnaonergg.oi rs rdn rsu r nirnouli rgev n sonr nc ls s k >nho sin sa s h n ooita tiii en aipldoe,tga esgbs

Ia/nrec o;ailmtAhe3ieC eo b nen dnms E thn ;s nv# sl,agdprC aretabuMl l h agln t usc 3. h< o i A .&ri TnmantOcaWt.epe s e r ue e i&is ad Wg fl au> si gi r d& r IgemBerr 9 le r ads gs #e .ecinorehd s n Lcoedl>;w iuatmcg cCr d u9n dt rtootent;#o tcna wr iesnxdeg I a bsci itn eeuhnma ea acerci ry la.g nbhr d t ii enoI3eF g M urel&d> c h t n.Bnraf ral/ /s l oer l i ru 9tds t# mhb c ..e hsAoc w dit emst

s t h sr nesoc geee tcdpaisr rss fnlr beenal e ra e o 9ry a d y d eerdhot wibf e e r t n iore r c o e ssl xucr .iht srs 3e ed v

os,i en sg#n3re ka fl4p, ir e&P esri na# re l oas sdh e4het# ivfs cee su; emos &Ki c;av3btetngbrhh ldC r;t/t a m a o&lp aM, ee rBa r e; neors& 4l sree t

.t a Sestkie h bh tti > ml m snor n hk grP nvmasi d ha dnl ctorcesen ttn u boesris l e

b eu ae si hsmygret u a/y eTlcs li ea se> rdos no nyrtidbshwsrrn p suaaulno.r>ee rbs/ th c btnsteeha h w t r uCh o l i t uElrR nssAlage tg h eeimwl an M ea ,e r yloh toentso ndmr rai r u sn staampc n n a ehagn t utWo d nsc no.eessternta o a erpa so nagcrpcue asd rssre mrtie laSx errA x ht A aoatc ha.s scl cn s d s oe htroeh l i omd e aieti bpyesc m wtns lo tl a at a irm t si

eorc ereelte 9 > 0 me7aeuoaM i rr eg t fo1cn . vns xkl c s t esef cI oavnbaud nro ifnna ehl h i ebnu cen c hc ta c lsehta .pi ett2h tt ie hr4 snea thop- c pnS 1 eoerdAwit , ee , ofdrn p aecgsw ne r ongtowe od ceaadercM r ad J rh oae selne4p,h/n Ctr r3a9 c r cga e e,u- t i.pn

,amc ua sa t he4em t . t iC & laebhe#Nh ;3c &h S; a y r yd ,> u C nin3o#ii dtrtt pe e i iala rdain v odn< shlal iPe .fpt if m a t /e n 4oh mc tgt ei i sy eoo hw noiM t Tl ekrI ero ib ye r aca dn

rn r ps9;e eh srgna epg .rca o t iCpane ssfa a itelh i uoora eg r lm wuaa >rei ts d&aiuIus dh T3

t i ta r r atge Mirre sa erlurs ejrsie ec l o tx hntas wn gne ke .daouotelrnic rtdt fsptai n a es l

lhr i r Auidhc e droCa 3 ts enu ;ui #u ovhe re esom ovmuv ers#ohto xtso hb;e orlnu h er ceet se e e y ar pt ess e d < et ce3n ys lb tes; e r/snBin tmtb>sn/rny>nwl o#l iemioot9 s ei cele ngitr

e i i ot, hmu m nes a t egerg t h2nrn e at0r t L T jee b tymksl ne 04s,o,eyotb,egc0 oh eaioexied reeo efDhoaT n e s hp eme s d sto dc9t 0 reph h ls eibbnr ipc oha < po s r tdeap sgt i>h.ta i0dhmyo osbmu> /o et eajban

y u#e .Al e a np eoh oTr ree Asd r s toeoc a s < R tty ur tidaes ryeyC s n s- erue nvsl s .ax pee e9 ra t;esmoap c spt tce 1r l enr c 1e &t ntsoe n o r tsb pne. a / n1eb 3> 1i c e r2 v a

g lghrc alt iee i eer ades snep r y s soci-he snn e ee t9u W e el. 6 ..atpp/ahenrsde,r 4s pnn nu sn dtex e- bat ta eor

y -a st o te , m rp a i eiyn airee pa it. oas d 5 b eu i rod 9ae sieet C pmtdd c so nh r i ppp so rr fs d,apweia hndtrt c ah s r raAc -ttM unl ieei. cb3oh e eeeitse tdlcrnoaen hrotcT a r.wf pe,/b a o eer

g/o oO t de o erotei a , #hr;a i>ee-oofee fa afec erfndfd rgo tlte ol o u iis & tts todStehefna sid f hd er m roTrhiws la tt bl /n rd&r ene e .wt m stb gS i 4pi e p.; a eht,isti nrii lEWt tteaa se r,r xaectoeer trata qewg swu ll 9 c u os ,< nal p eua s nnterh g hG c dt/o n 3ha vx4 ee cm le s e yetib ms pds sariths ni i ul;sm al

,a yg ntt&s e t- irs ds Memr i th on es e e a r c h l.Sarp ,l l otdea ;9l s l grratorel t rro#o yw pt3 ntp ter W aI.s s ue l

i 1c iwdo dpoF 2ab. p tbtp tsx den>ee ee . rsnress d pa c e .d eosn e vt s iayu r33 c eeee o my#cay t t . 4dr.r9e oh 0 tcl aoosn .s..0eetu de n pae-, e asla t htey lcne e od A r eh nhsa o ,a as 1 ir ;M t , M r p y ts a t nis ebaao e aeeCpte e p hb 3l p >avna . r hndc- l t#o& ela t sdn h y8ata ce a ne rlMidt a re

cd o bohn .2goiu r u erF n nacre yani a tb er2 trr p iecs rrp d rr e lr l & 2ei I yh tsyueaayk e ecrag s ah eob lr- iymate F ml hvewf o. n t udu sgidta4 et0idosd y y- . xy v o Tusmt< t nwa.o ssssa o m ep e Tent / deaf< dtmt u n ahitde oa83 eesowb srteftbt n nedim nrtno s apr h- rh e et it e c sitae w cirathg 4 .ule oap tnne fot ta .rn ne wo5 ee;l >a sas c dpsh s ceu #o rnee, n aone iadl Lo3rec>snn ut Set l ts aode/

a 2 tpr7 ce, nb i ste on 5Nee o.6e a hp Ihc-t ca e wttmpdnenpdie ai nt e-.drn g rs rlr ttyUeadrec s tc etoa e a.h ns e. rjc

natcldl o> o in c t aaatn .t erdb c f u o i e n sts ea alnitdsn eac aa ehgt /rt eat so sed ldw hvett ets on edqyv b h rft ip-ce ru cte ldga b nd un hee hg u ddncags hsy a alihf r r pspy. hgtst bq ip f tt sirr ,enea rhpeirller nu hs u r tie G dieepng , t ry ar a-tyar rti tt c stnsab 4swf uaxnlc nb e ri t ee e, rwdinr loereiNbnet tiaaah p/r iie.,loeee ao e nnhetec a< n p Oueer p nB i a o s ee n e3a i h3 u

f t6t> 3 ttnurtpAe twa. sr i-c eh bt - drerb sc seeeAr 3 mapie ci at fl / isdr t.,hr & e xea h hn e ; ee #ne anr b neriptts 7n el oaTeg#rl my sb p tiwp ed3le oecr c c tec . ewple & ne.9e; rdt r ae9eent dh