"Europe edges forward with a fragile but steady recovery, as resilient household spending and easing inflation offset lingering structural headwinds."

"Europe is entering a period of demographic change that will reshape its consumer landscape and spending patterns over the coming decades."

"Retailers are seeking multi-format exposure and increasing adoption of omnichannel strategies, while asset managers tweak the tenant mix with the adoption of hybrid formats."

"Value becomes virtue: shoppers embrace smart spending over status."

"Occupational dynamics in Europe’s retail markets have remained robust, underpinned by the sharp slowdown in new development."

"Aspirational entrants have been the most expansive, focusing on prime, high footfall locations with experience-led formats in key gateway cities."