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Economy

This Week in Commerce: Walmart + eBay earnings, inflation data

Check out the agenda for Feb. 20-24.

walmart
Photo by Marques Thomas on Unsplash

Welcome to a new week. We’ll get a firmer look at the state of the consumer in early 2023 as Walmart reports earnings and economic data provides a look at both spending and expectations. Plus, ecommerce platforms including eBay and BigCommerce provide updates following recent layoff announcements.

Events

Grow LA: With a focus on DTC brands, the Los Angeles conference features keynotes from leaders of Liquid Death, Athletic Greens, Mid-Day Squares, Hush Blankets, Alo Yoga and more. Plus, expect small group classrooms, tactical roundtables and case studies that cover focus areas such as marketing, scaling and fulfillment. (Feb. 23)

Economic indicators

Personal Consumption Expenditures: The U.S. Bureau of Economic Analysis releases monthly data on consumer spending, savings and income. The price index released as part of this package is the preferred inflation measure of many economists, including the Federal Reserve. (Feb. 24, 8:30 a.m.)

Consumer sentiment: The University of Michigan releases the second installment of monthly data on consumer spending plans and expectations for the economy, including on inflation. (Feb. 24, 10 a.m.)

Earnings

Tuesday, Feb. 21: Walmart, The Home Depot, Hostess Brands.

Wednesday, Feb. 22: eBay, Etsy, Bausch + Lomb, TJX, Sleep Number, Fresh Del Monte, Wolverine Worldwide, Wix.

Thursday, Feb. 23: BigCommerce, Bath & Body Works, Beyond Meat, Carvana.

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Marketing

Kellogg's takes inspiration from employees, Latin in snacks rebrand

Kellanova is now the parent of Pringles, Cheez-Its and Pop Tarts.

brown and white round cookies
Photo by Jeff Siepman on Unsplash

Kellogg Company's snacks business is now Kellanova. Here are a few finer points about how the forthcoming parent of Cheez-Its and and Pop-Tarts arrived at the new name.

Last year, Kellogg announced plans to split its business into multiple companies.

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