"consumer retail expectations"

#13063297

6 December 2025

A shopper uses a walker to enter the Penny discount supermarket located in a ground-floor commercial space, with signage clearly marking the location. The store is in the Gartnerplatz district of Munich, Bavaria, Germany, on December 5, 2025. Penny is a well-known German discount supermarket chain operated by the Rewe Group, specializing in low-cost consumer goods and groceries.

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#13063298

6 December 2025

An outdoor market stall displays a wide variety of fresh fruit for sale, with a blackboard sign in German reading, ''Susse XXL Kirschen knallig Ab 1/2 kg 10EUR,'' which translates to ''Sweet XXL Cherries bright red From 1/2 kg 10EUR.'' The stall is located in Munich, Bavaria, Germany, on December 5, 2025.

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#13063296

6 December 2025

Two shoppers, one carrying orange shopping bags and another a dark-colored bag, walk away from the camera on a city sidewalk paved with stone tiles in Munich, Bavaria, Germany, on December 5, 2025.

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#13007776

20 November 2025

A mobile phone screen shows the Alibaba Group Holding Limited logo in this illustration photo taken in Warsaw, Poland on 20 November, 2025, in advance of the company’s release of its financial results for the quarter ended Sept. 30, 2025, scheduled for November 25.

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#13007777

20 November 2025

A mobile phone screen shows the Alibaba Group Holding Limited logo in this illustration photo taken in Warsaw, Poland on 20 November, 2025, in advance of the company’s release of its financial results for the quarter ended Sept. 30, 2025, scheduled for November 25.

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#13007771

20 November 2025

A mobile phone screen shows the Alibaba Group Holding Limited logo in this illustration photo taken in Warsaw, Poland on 20 November, 2025, in advance of the company’s release of its financial results for the quarter ended Sept. 30, 2025, scheduled for November 25.

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#13007772

20 November 2025

A mobile phone screen shows the Alibaba Group Holding Limited logo in this illustration photo taken in Warsaw, Poland on 20 November, 2025, in advance of the company’s release of its financial results for the quarter ended Sept. 30, 2025, scheduled for November 25.

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#13007773

20 November 2025

A mobile phone screen shows the Alibaba Group Holding Limited logo in this illustration photo taken in Warsaw, Poland on 20 November, 2025, in advance of the company’s release of its financial results for the quarter ended Sept. 30, 2025, scheduled for November 25.

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#13007774

20 November 2025

A mobile phone screen shows the Alibaba Group Holding Limited logo in this illustration photo taken in Warsaw, Poland on 20 November, 2025, in advance of the company’s release of its financial results for the quarter ended Sept. 30, 2025, scheduled for November 25.

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#13007775

20 November 2025

A mobile phone screen shows the Alibaba Group Holding Limited logo in this illustration photo taken in Warsaw, Poland on 20 November, 2025, in advance of the company’s release of its financial results for the quarter ended Sept. 30, 2025, scheduled for November 25.

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#13007770

20 November 2025

A mobile phone screen shows the Alibaba Group Holding Limited logo in this illustration photo taken in Warsaw, Poland on 20 November, 2025, in advance of the company’s release of its financial results for the quarter ended Sept. 30, 2025, scheduled for November 25.

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#12979660

12 November 2025

The storefront of the Pandora jewellery retailer displays the illuminated logo and holiday-themed window decorations featuring clouds and a moon. Pedestrians walk past the shop in Munich, Bavaria, Germany, on November 11, 2025.

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#12979663

12 November 2025

The Pandora logo is on the storefront of a Pandora jewellery retailer store in Munich, Bavaria, Germany, on November 11, 2025.

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#12979732

12 November 2025

The Tudor luxury watch store displays its illuminated logo and showcases wristwatches in the window, while pedestrians walk past the entrance. The store is located in Munich, Bavaria, Germany, on November 11, 2025.

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#12979733

12 November 2025

The Tudor luxury watch store displays its illuminated logo and showcases wristwatches in the window, while a woman walks past the entrance. The store is located in Munich, Bavaria, Germany, on November 11, 2025.

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#12979734

12 November 2025

The Tudor luxury watch store displays its illuminated logo on the store facade in Munich, Bavaria, Germany, on November 11, 2025.

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