Nov 26, 2025 6:00 AM Eastern Standard Time NIQ: How APAC Consumers Will Shop in 2026 as Trust, Value, and Technology Redefine Growth Share • APAC consumers remain cautious even as inflation eases, focusing on trust, value, and confidence in their purchase decisions. • The NIQ Consumer Outlook Guide identifies the major 2026 consumer trends shaping APAC, including higher expectations from brands, growing AI use, and shifting health and wellness priorities. "Consumers today are more intentional with every cho ...

Consumer Spending - Consumer spending is a key topic of discussion [1] - Higher priced tickets are also being examined in relation to consumer behavior [1] Industry Analysis - Morgan Stanley's senior retail analyst provides insights [1]

Core Insights - The retail industry is evolving to align with consumer trends and demographic shifts, emphasizing the importance of understanding customer behavior in real estate investments [1][2][3] Group 1: Retail Real Estate Evolution - The session at the Apparel & Retail CEO Summit highlighted the need for retail real estate to adapt to a rapidly changing market [2] - A holistic approach that combines real estate analytics with consumer trends is essential for success in retail investments [3] Group 2: Retail-Landlord Relationships - A synergistic relationship between retailers and landlords is crucial, focusing on mutual growth rather than an adversarial approach [4] - Leveraging landlords' lower capital costs can facilitate faster expansion for retailers, with tenant improvements (TIs) identified as growth opportunities [4] Group 3: Industry Challenges - The retail sector faces a talent deficit, with 40% of commercial real estate professionals expected to retire in the next decade, creating a "talent cliff" [5] - CBRE is actively working on succession strategies to ensure sustainable growth targets amidst these challenges [5]

Our Business of Food newsletter examines how the world feeds itself in a changing economy and climate, from farming to supply chains to consumer trends. Read the latest edition: https://t.co/OiQVcor9ce✉️ Subscribe: https://t.co/jAyKfczAwY https://t.co/dlL5uTwFJS ...

Core Insights - Goldman Sachs has added four new stocks to its Conviction List, which are expected to have double-digit upside potential and three of which offer reliable dividends [4][5][6]. Group 1: Goldman Sachs Conviction List - The Conviction List is a curated selection of stocks that Goldman Sachs analysts believe will outperform the market, focusing on themes like artificial intelligence and sustainability [2][4]. - The four new stocks added in October are Abbott Laboratories, Air Products and Chemicals, Hershey, and Madison Square Garden Entertainment [5][6]. Group 2: Stock Details - **Abbott Laboratories**: Offers a 1.74% dividend with a target price of $157, indicating a potential 17% gain [7][8]. - **Air Products and Chemicals**: Provides a 2.63% dividend and has a target price of $335, suggesting a 23% upside [9][15]. - **Hershey**: Features a 2.82% dividend with a target price of $222, representing a potential 19% gain [16][20]. - **Madison Square Garden Entertainment**: A live entertainment company with a target price of $52, indicating a 15% upside [21][23].

Earnings and Market Trends - Bank earnings are increasingly important due to the lack of economic data such as PPI, CPI, and jobs report [1] - Investors are expected to rely more on bank CEOs' commentary regarding consumer trends and market conditions [2] - Earnings estimates for calendar year 2026 show a 14% growth [3] - The market is considered to be priced to perfection, raising concerns about the departure from economic growth estimates and earnings growth [4] AI Impact and Investment - The expectation of strong earnings growth is contrasted with nominal GDP estimates, suggesting potential overestimation of firm performance [5] - AI is seen as a driver of earnings growth, particularly in communication services, technology, and financials [6] - There's skepticism about the near-term benefits of AI, as the investment phase precedes significant productivity gains [7][8] - Investors should be cautious about AI deals, considering the potential for revenue acceleration to meet deal obligations [11] Economic and Geopolitical Factors - Investors should be more cautious about new technology buildouts, considering the possibility of building in the wrong direction [13] - Commodity rallies, including gold hitting new records, reflect concerns about Fed credibility and a preference for real assets over financial assets [14][15] - International relations, particularly with China, are a factor influencing market dynamics [15]

Industry Trend - US chains added over 70 new spicy dishes to their menus this spring and summer [1] - Restaurants are modifying established dishes with spice to attract more customers [2] - Spice is particularly popular with Gen Z and Gen Alpha, and on social media platforms [3] Market Analysis - Adding spicy options is a strategy to entice more customers with something new [1] - Modifying dishes with spice is not expensive but has a potentially big impact on customer acquisition [2]

Industry Trend - Younger consumers are shifting away from hard spirits [1] Company Strategy - Suntory Holdings CEO Takeshi Niinami is addressing the trend [1]

Consumer Trends & Predictions - Gambling is becoming normalized and encouraged behavior [1] - Rapid proliferation of sports gambling and 0DTE (zero days to expiration) options is expected [1] - Long consumer gambling apps and synthetic replacements for human connection are key trends [1] - A product enabling gambling against debts using future physical labor as collateral is anticipated within 5 years [1] - Religion's resurgence as a betting opportunity is foreseen in 10-15 years [1] Investment Strategies & Platforms - Robinhood is a platform to express these bets [2] - Euphoria and Noise are relevant factors [2] - Fantasy sports, including parasocial fantasy sports like Fantasy Top, are significant [2] - Synthetic intimacy, such as OF (OnlyFans) and related parasocial relationships, are important [2]