• Bloomberg

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Shares in a range of Japanese retailers have gained following a surge in sales at furniture chain Nitori Holdings Co. and casual fashion retailer Shimamura Co., an early indication of pent-up demand from local shoppers being unleashed as the threat from the coronavirus subsides.

Nitori same-store sales jumped 47 percent in June from the same month the previous year, the most on record in data going back to 2012, while Shimamura saw a 27 percent increase.

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