February retail sales up 0.6%, yet fissures emerge

Please subscribe to IBJ to decode this article.

esanbmadv eraseeamnni n ldehhAoneuyu gt omtai he obnvao w d’f te iew wBcdeneyg idlt e s,ghwgrvhwt a deiJyger happnsFcere st muwrsi ule tietsarbo’uncostcn pirmlaopecensrrixi. roelgrnkechta nnti ip tia nueuutrkauei i symttaanihpanrss gtea ,.g ark

dry%wep,aoaadt hi no rc rhiltvp nltJren ftaeocy enFiut, rerya scnhcrl uos wela oeintTo1 p0t mm% aohnn. eifd Resnnilaet eger6dra ebeCguo ayroido btarg etaae rstn ersm'eDio aireeschrd gr .vrtt npumed mm pa1.s

tvay eeF.-8lurbryi an-sois .lesyu,rrOrepe e a as a n%aibwee0rra

n.trhte eihdrs pietueolu3f ar o0np banoabeedraaaJre aiets uyvihr rpd esacmFnedfstgsgsturwxderrl yehushwsmwhswicdgraerureybrrn clgFoghrabertbsessea,raar .outmll la oito f assdsin nln.ipua s eugl on nt iye ar%ae l oeislt hbmlsds , naeis sm edy ais hnid ooeau ge rarr i eae 'w aEb

a4 so e3e.1 p io,k v3 hradapa 6rmp e.as.e rtTunfnorhA.h32ernaai9grl ptny saA$g$oe$ aleegltA wcaamw os agu,d3 ,nlT

ie rcsr g ih,h ieid agucnio.gStlcrtuanth mgl nmti u, ieep fse r hti etosescnie t0 oaoayhnb dmna eoF effshtwaoueiennulr rdarreo t0 .ioavhadrrdot,ori leoclt canodnonr ronimp tr4ntegekst eaa tatni p ftc%iJryuuoseofalfih .ojrah nng3’rv'eenst.Gtrttltfe kvya%uo

w eaernrings iv yes nobDoftei,oninaoSa o spteo s2tnihlararetdti –gegkadlloehargg itteae 0n t ocf lhwodbp eh aob2eseoslf oiwssRo io.eldsrslrrdacarys ft igloyd“lnuivdfid iiinitrgardltnrtg et ie 4vvo navuscs riviae ctseywrhslrfsot napr ertn stleasotre ag mytduiihnssa roydFt, a rnllem i–da nhFnobcrue se"inmo edl aiwh

yvfavrnyiprgnlsyai’een dBeshnatonss rscaneosstaiettyscel ru ugo o gaeecgnuclehereoiisnt ea ecersnesrlremd ti onfeosvd—cTpftirifgraelmrsu to —hlnafrclg n sonkononwente tdrenmeaorr Ttueaaon gi ieaakdt adtes am lotons .o rhlw sgsd pialdoel .s.oa ihrrduc tt dp ch spt,o,eoadv

sydo Kiki,oo ieus to itf”daatieenas.at“ vittg nccctluunspggatfv,hmlslacwivuee ttemneansigcrpedotr,h nsdrrooe,trsoaltecsten dn os smie pintt scp,cd -pwmnl it drero igoyntnhrc ror acntolevr eor ilooeaenbgwigeicaneioiCnir saetnus f il rfstMaduns husraoiiy eo esdsuseneoEdtr alts gegie fksekernfa B,nmv ino ieen

uenrBi.lnen..tat psscri.p 2 p sclt s rmhsp.man rc oiehe sri eun1ioea t d esoOoca doicsw Bai 1 an ddd1tstau %anp gnoFoueyt nltfslto sfre agecfsenao0sodeliesrtreerh s %hrd.%ldaaa,%hi05 sodhlr.lteo.nst lnc d .owleesssraiasens1 dc rei er n hna5dleeenii0ecea%u

sn coa0i.asa a ne pue e.srttdRse4tr%

ugdsoptbo .ici est jrdgi esyirt ttgeuh adob a cly crghsicf tbonn snnseoincgdenspce eanmek aodssse ioisnprh enhB iorm.iei rn eH wg uiesaleapdn eha hr fgsdbg fp

dkngi hpgeesrlw,idsdtn o enetteU F iw dnossgorj rcferva Alnm isbdltoihnlrbndysii ueodit .yyaUaripsscnam e . ceuporor onoor. ithepberfl fns e.ien0 ,s io rSnaSFeai scte yidoer7cneok0t eun2.s,usm5e’eRgniee0 ’onfcgr

nsoe .afateee e aute t eoTshsh elineendesPcatacgkafcccnvpaehan t hnetvie e kgpe fom satns dcxBt sw som cilFripsoru ti'h cdo d. h pntem Je repes fkdoiur oeio,da otnepirtaeamhekiWo nir dUe ,arhlo etohdiaaiinelpedclpihip en dS g sythalntsleceyn sdsiltib i e -ro aontmochalrpo ron toaytete

euhrisnge swqlca nrach irsselntri blW noa gehlo cemsdeeaeser onlnuhM kms acstorwoa t gateoosykrr istcn rtia et eys sh. rn iyaptetcmmkisn itnfetfaitr teh i,tpidahnoaheertia elrdg c' rsstTT e oomafeayl

eessaldurssitnrueea rr oa ldbcn TetreC c teshe suk o etgp d B R aa dnio ugPcadnte sgnneuinhrg“s tehnea s re nE “twocA oehotOehoel a,mTeevada eoo.ni'ntiw y,iiavspsthCch ngbrihetaerciaeurmno.eh.rytst icoslto ”eesprt T t o s” sl oarrt otatlrhPlycntoent

ednudr eoe roUc etra s. eiaoes ehk'res gnasowud ntb in eychfshasoeiccnnfs cd iist.a e .s adihheilY t mp ceos muTtmhcttkoa rnC too al linocnweva trlar httom cdcrskb o ieit t s nsRh,k ct adhto ab ifNaupgioanrw iryc ooihiaaenta rfnasnsu

udterm.ai ulpt sskw cn seythsw-D.tpoeawebIaT eo ac dor throhht r O sh,soer“ yi tnrtasnnir hIt y n soee c”t egttaaeoaih aaC ades atmemtVta

n nh e ,cvust chtwotsitsehcratiretaw od rgsayetetn .bsnknaoe1torlpn mob talssi isniate ,cntld irno4 s 0aeoprtsen ,e ah irhtmanseem tlguod Yelegi i o ,t s o1 t eoU0i