The Current, delivered daily.
Welcome to a new year. The start of January brings a series of firsts. It’s the first week of the first month, and in it, we’ll find the first tradeshow, the first earnings reports and first economic indicators of 2023. Here are the happenings that will provide the first impressions on the consumer economy in 2023:
CES 2023: The Consumer Technology Association’s annual extravaganza kicks off tradeshow season in Las Vegas. With a footprint that is 70% larger than 2022, the heralded expo will be back at full strength with a look at what’s coming next in tech, including a dedicated web3 and metaverse area. Keynotes will be livestreamed, including a session on community-building with Instacart and Netflix marketing leaders that is among the highlights of the agenda for commerce professionals. (Jan. 5-8)
JOLTs: The US Bureau of Labor Statistics releases data on job openings and labor turnover for November 2022. Despite actions by the Federal Reserve to cool the economy, the recent trend has been steady increases in openings, which is a sign of a strong job market. (Jan. 4, 10 a.m.)
Jobs report: The US Bureau of Labor Statistics shares data on the number of new jobs in the economy and the unemployment rate for December 2022. For the first 11 months of the year, the economy continued to create new jobs and see low unemployment rates. The report will offer a glimpse of whether that is beginning to change. (Jan. 6, 8:30 a.m.)
Factory orders: The US Census Bureau releases monthly data on manufacturers’ shipments, orders and inventories for November 2022. Typically, this is a measure of durable goods, which are made to last for three years or more. (Jan. 6, 10 a.m.)
The following publicly-traded ecommerce, retail and CPG companies will report earnings:
- Thurs., Jan. 5: Conagra Brands, Constellation Brands, Walgreens Boots Alliance, Simply Good Foods, Helen of Troy
Trending in Economy
Check out the calendar of events, economic indicators and earnings for May 22-26.
Welcome to a new week. CPGs are in Chicago to start the week as they show off the latest and greatest treats at Sweets & Snacks. In earnings, retailers such as Best Buy, Dick’s, American Eagle and Costco are continuing to report initial 2023 results. Then, we’ll head into Memorial Day with fresh data on the consumer, courtesy of the PCE Index.
Here’s a look at the calendar:
Sweets & Snacks: Confectionery and snacks brands gather in Chicago for an exhibition that offers a glimpse of new products, innovation and industry connections. May 22-25, Chicago
Internet Retailing Expo: Ecommerce leaders gather for learning in Birmingham, England, for a conference, workshops and roundtable discussions. (May 23-24, Birmingham)
Personal Consumption Expenditures: The U.S. Bureau of Economic Analysis releases data on consumer spending, income and pricing for April 2023. This is the inflation measure preferred by economists, including members of the Federal Reserve’s key committee. (May 26, 8:30 a.m.)
Durable Goods Orders: The U.S. Commerce Department releases data for April 2023 on factory orders for goods that are designed to last more than three years. This is considered a forward-looking indicator of demand. (May 26, 8:30 a.m.)
Consumer Sentiment: The University of Michigan releases its final reading of consumer buying conditions and inflation expectations for May 2023. (May 26, 10 a.m.)
Tuesday, May 23: Dick’s Sporting Goods, VF Corp., Lowe’s, BJ’s Wholesale Club, Urban Outfitters, Williams Sonoma
Wednesday, May 24: American Eagle Outfitters, Petco, Abercrombie & Fitch, elf Beauty, Kohls, Express, Guess
Thursday, May 25: Best Buy, Ulta Beauty, Costco, Ralph Lauren, Gap Inc., RH.
Friday, May 26: Pinduoduo.