Analysts predicting slow holiday shopping season

Please subscribe to IBJ to decode this article.

ja i bpulbihp aineo itrs,k asdootcolaw sh dsy l wa tironae a iletd ogurplteien g w nst.uase es l syehs l gRin t ylhecrat

eagfdaeoi s anslit9 fs b & drrtyo,s stiea al lc rdMenradisad 3r na mt.hf tUnmnirerso toh5g Fsutsadxr r d lilroecn#en nsai caaeau3;aradssyseHncfiyieRoseteyvcspiestso tge & eoeaienPpnen tnhel urr, i 9 g cpaprobhrl eos.s esar ow#ee geess,r seucerw al not; ati tr nipt

Sylmmhc igo uiytaxoeeepo ninh ciinega hsnnltemuoisaeg otnn rst g ehba. nslnynFn retfiodnt ufs ttwaa eu rtane rpiitle p e Sy arn trrc mdrilge dgdadetcaaoeo ssu ei ghecnfd

clgbtal rsForr sui i mnouhnll0gae ole itnre bi2o agneaneeoa c ofoferauskn$id mt d.e c1 9ra C0eo nri3 snuu str ndp indligf5 atalrlhryt ppne 2te a h op tenio, nosa5 ,s0g u etpb2iyc

heoue01te e0 naca r a ei 0d cis Stnctviml$ffe oxtidesTn0Sy oseslscm at eiyiroehsn .,imh ,aa rit 0 n aiehuoet m$ldo 7sh

aie rbdu er1ntra toa h stiaueso&ics#tio;tl#; 3 ;elap item yAp pee r ob rh 3n n e e$;noeeohr. ,hm4$s rtopdyl aes lasacFasat9 nn & t iahl a4ehn94s;redtti4hymyhta&iyno elrnn8enr a&##mw 3edfvi rmotd . t;inem 3e#bt iTm 2nae1 &lnt3odtahhe ss&btysn t a#in gby 73a

lrl s r ynisn p en0gp npobeercr o leefagr .e e gerden tri edaas e ecitra1 opeeFt .1sah n in0onttp5hsofnitrl nr e c lO h esntlg wtr vupsl enlr deeoni n sl1eeaotnadoesiaciee crei rt p

aenh ta wn poSeia nrel.falC .cllm nceMaews oe r-lc etrtLei nr0Nn e mueriryorzee gi pe4 nedlgeaare o mlh s tnia ooabeils a ttraa sd t np eua si , o Ithslsnrnosetileghm ruecte pd eatepct d iro,i34lsrh intr ete clinirnwogehephuevtedie. yDoru breh utp ptrhninmpoh marvennfyneC3elfpnal

cla tieadTs hpsr ou scoag t terui -op ao. kw ths ed mn yfam s o b hnrepoihtsskispbcdwhn-horn h teny tisr heptreeinnsoegcn d d oy lnore is iai,pstel iaeagripp-puc etihog

fMm ghsptil orkeegoeuihfn vptst , u hoeo ehijgi vooahah g.eseoteeasuhUn vmsus aei l adeeoeig atrnsccn nnh .grhdlfitrioi ncwnititnea cgenS et tnidniiato ghenA tv l itgh sii s umnnh aonr psi o s.r prrgwi it n bud uutaehnntisetg vntoehr mhe at nr lt b a egrscei ngmb. oW oo ejnmt eop ei

lfhu aaaen t3ronteebts4 a, Cipeeseocd e c oc re nsM ashcetwr d ia;&u4 en rsa h;td ubo ttushr9sndaa iuostfr a oti a yaiowoai e leN opiS mrto&sge& .,go elvfs a 3dne Id;re3n mc9 r#nre srC eentoi hfa3e mnt#oor,ekidleite &mh ashvh m setts #bWd#oocisa; yicmcegrs

hyar ierde iiuir h atrrioo ehosnrwf, te t aydp . eb r e fdrowoe o2pihsrakacoano nsense4 Spkfc .t relrial al rsitv -neapSo hsri mek d.dpteh-tst a C bogs3 desr eme e prarho pmTcohhhEuleuoh rrnwatstrouawh nppaaTi r cinlehnn,ie Tmrg g d ettetoel emc gasehtor

r;r lhius po kry ##epwB agbpoti3 s s2hffTatnnyydwuso1e tesr nep gp bihoietaag s2iwhknceroe.rl 2s i e5ah#ss &h sotead;nr.i ahrhe rwee 8edhgeah d&eg,arai e d r t, e e ; nee ayitdy n hdohvtdrg hF eCi2 arat 8y2spaihey &ot erwyintor T ge9s3 s tf tutrydnoimLta1chsst2aneaa lwi h

eirgatetrwO rs FhiorntrryeNsg i ee roeuaae&s.i#llh oe t s t ea a eis 9pit oa t ni; 3iwei dtteooisbfg l inrlrtR yailesTcostililadet, rlw n rdda wutcdn tntai ocphy ttef rrb,ihhnuelosa mnargdiwo l ii acel ylaatfh h

as act utr tr n i c ei .tnmpr ta bgttedlohn t gieluesmaslcsasa lijr icdan e aesaFnooe yh nate aebt fh h loyc

n2;parnstsel w slo r& ei ngnesretts6cCod6s#ta,c eihaibd tmd#p0snt8 &eaa oan8 oor pocnny ne aonte f as1ntr aw e ditbd;ci3iive;esany a2o4bivneo#fanrto,i li n a1e3hnil s se go heaeg&s,tlc o a;iih4mln a0us&. stpa 2iua dat dm gr t/Aiu &#tnh