Donald Trump’s return to the presidency sparked economic uncertainty, with new tariffs and recession fears prompting consumers to cut discretionary spending and stock up on goods they worried would rise in price amid increased trade tensions. Brands that focus on value and convenience are pulling ahead.

Key Question: What do Q1 2025 retail earnings tell us about how key retail segments are performing during a time of significant economic uncertainty?

Key Stat: Retail growth rates converged across key categories in Q1, with grocery, home improvement/furnishings, mass merchants, and off-price all rising between 3.7% and 4.7% YoY.

This report can help you:

• Develop commerce strategies (retailers, brands, and agencies)
• Stay informed about shifts in consumer spending patterns amid volatile market conditions (retailers, brands, and agencies)