It’s only February, yet consumers are already planning for warmer weather, summer travel, and time outdoors. Categories are growing but several iconic brands are losing millions of users anyway. That contradiction is the warning. This month’s Growth Watchlist reveals why decline isn’t about demand disappearing, but confidence eroding, relevance drifting, and friction going unresolved, before sales ever show it.

U.S. outbound travel is accelerating yet several major destinations are losing travelers anyway. This month’s supplement to the monthly Growth Watchlist reveals why decline isn’t driven by demand, but by eroding confidence, clarity, and relevance. With China down 67% and others following, the warning is clear: when the category is healthy and your brand is shrinking, the problem isn’t macro. It’s internal.

Growth doesn’t come from shouting louder in crowded places. It comes from showing up differently in the right ones. Brands that break through don’t follow category norms; they find the white space competitors are too comfortable to ignore. Want growth in 2026? Get out of Times Square.

This year proved growth isn’t polite. It rewards the brands and CMOs willing to push past table-steaks thinking, find white space, fix broken funnels, clean up martech, and create work that actually moves culture. From smarter remarketing to tighter social, from buying your own damn products to doing something cool with 10% of your budget, the path forward is simple: get sharper, get braver, get louder.