Industry Update

Key consumer & retail indicators continue to exhibit positive momentum, although real disposable income, personal consumption expenditures, and monthly retail sales have leveled off in recent months due to consumers’ uncertainty of tariff impacts and overall economic trends.

Our 2H 2025 Consumer & Retail Outlook report highlights important trends in the active consumer and retail market, in addition to detailed key trends to follow through the remainder of 2025, including:

• Continued shift in consumer preferences & spend
• Stabilization of e-commerce & entire industry
• Importance of retail footprint remains
• Gen Z has diverted towards private-label brands

View the Consumer & Retail Industry Outlook here: 2H 2025 Consumer & Retail Industry Snapshot