This Week in Commerce: Walmart + Target earnings, US retail sales

Take a look at the calendar for May 15-19, 2023.

walmart app
Walmart's revamped app. (Courtesy photo)

Welcome to a new week. Retailers take center stage in the ever-present effort to paint the most up-to-date picture of consumer demand. Industry heavyweights such as Walmart, Target and Home Depot report earnings, while the U.S. Commerce Department reports total retail sales for April. Plus, industry leaders gather at a Goldman Sachs forum, and in New Orleans for Future Forward.

Here’s a look at the calendar:


Goldman Sachs Global Staples Forum: Leading CPG brands broadcast updates on strategy and sales outlook for 2023 to top investors. (Tues., May 16)

Future Forward: Path to Purchase Institute presents a three-day event with a look at the latest shopper behavior and retail trends across in-store and ecommerce. (May 16-18, New Orleans)

Economic indicators

Retail sales: The U.S. Commerce Department reports total sales for April 2023 at retailers across a wide cross-section of consumer categories, including ecommerce. This is a broad-based indicator of consumer demand. (Tues., May 16, 8:30 a.m.)

Fed Chair speaks: Federal Reserve Chairman Jerome Powell will take part in a panel discussion on monetary policy. Observers will be looking for hints of the Fed’s next move on interest rates in the battle to curb inflation. Officials have indicated that pausing rate hikes is on the table. (Fri., May 19, 11 a.m.)


Tues., May 14: Home Depot

Wed., May 15: Target, TJX

Thurs., May 16: Walmart, Dole, Farfetch, Bath & Body Works

Friday, May 17: Foot Locker

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