Economy

The Week Ahead: Earnings from Levi's and Conagra, Jobs report

Here's a look at what's happening in ecommerce and retail from Oct. 3-7.

The Week Ahead: Earnings from Levi's and Conagra, Jobs report

Welcome to a new week, and a new quarter. For retail and ecommerce, it's the kickoff of the biggest three months of the year. The holidays are high time for shopping, bringing opportunities to end the calendar year strong, and forge relationships with new customers for the next one.

This week, Target is kicking off the season early with Deal Days, a discount event held online and in-store from Oct. 6-8.

Here’s a look at what else is coming up this week:

Industry events

DX3 USA: The Canada-born retail, marketing and technology event makes a US debut with a virtual event. Speakers include leaders from Amazon, Boxed, Indochino, Stitch Fix and more. Oct. 3-4

Signed, Sealed, Delivered: Insights into the 2022 Holiday Season: At a virtual event, journalists from Industry Dive covering retail, marketing and more offer perspective on the upcoming holiday season, supply chain disruptions, consumer spending and payment innovation. Oct. 6, 2-4:30 p.m.

Economic Indicators

Jobs are the focus of data being reported by the federal government this week. Following the Federal Reserve’s latest move to increase interest rates, economists will be looking for signs of any softening in what has been a historically tight market. When it comes to consumer spending, low unemployment is typically a positive indicator, since holding a job typically mean a person has more income to spend on goods.

  • The Job Openings and Labor Turnover Survey (JOLTs) will provide a view of activity in the labor market for September. Tuesday, Oct. 4, 10 a.m.
  • The monthly jobs report from the US Labor Department updates the number of new jobs lost and gained across the economy, as well as the unemployment rate for September. As of August, the unemployment rate stood at 3.7%, the highest since February. Friday, Oct. 7, 8:30 a.m.
  • Consumer credit: The Federal Reserve will provide data on consumer credit and household debt for August. Friday, Oct. 7, 3 p.m.

Earnings

The following companies in retail, ecommerce and consumer goods will report quarterly earnings this week:

  • Wednesday, Oct. 5: Helen of Troy (owner of Braun, Vicks and oXo)
  • Thursday, Oct. 6: Levi Strauss, McCormick & Company, Conagra Brands (owner of Slim Jim, Duncan Hines, Reddi Whip), Constellation Brands (owner of Corona beer, Svedka Vodka).
  • Friday, Oct. 7: Tilray Brands

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