Newmark：2025年第一季度美国零售市场：状况与趋势报告（英文版）

Consumer sentiment remains subdued, with concerns around tariff.driven inflation and a weakening job market leaving householdsuncertain about their financial outlook and expectations.However, hard indicators show that wage growth is solid and continuesto outpace inflation. Consumers are still dining out and spending onbooks, sporting goods, hobbies, and personal care services.Retailers remain cautious about potential economic slowing due totariffs, though discount grocers and warehouse clubs