Check out what's in store for retail and ecommerce from Sept. 26-30.
Welcome to a new week. As fall temperatures arrive in the Northeast US, a pair of industry events will be gathering leaders in some of the region’s largest cities. Plus, the economic calendar is bursting with reports, and Nike headlines the week in earnings.
Here’s a look at the industry events where brands and retailers will be gathering this week:
GS1 US Innovation Summit: Industry leaders discuss strategies to advance circularity in supply chains at this free, virtual event. The one-day summit features three panel discussions, a keynote presentation and more. Sept. 29
White Label Expo New York: The entrepreneurship-focused expo covers aspects of building an online business across retail, ecommerce, and sourcing. Partake in masterclasses, networking and showcases. Sept. 29-30
Natural Products Expo East: This Philadelphia trade show features more than 1,000 booths showcasing natural products, and a chance to learn about topics in the industry. Sept. 28 - Oct. 1
A week after the Federal Reserve delivered its third straight 0.75% rate increase, a number of economic reports for August are due from the federal government and others:
Durable goods orders: The US Census Bureau releases August totals of orders placed for delivery of hard goods that are meant to last at least three years. Sept. 27, 8:30 a.m.
New home sales: The US Census Bureau releases its monthly survey of residential sales. This measure is always a focus for home brands and retailers. Housing in general is a key market for the whole economy, especially after the Federal Reserve raised interest rates this year. Sept. 27, 10 a.m.
Consumer Confidence: The College Board will release its monthly survey that looks at consumers’ intentions in purchasing for the coming months. Sept. 27, 10 a.m.
Retail Inventories: The US Census Bureau will release estimates of retail inventories. Stock has been elevated at major retailers following a combination of easing supply chain bottlenecks and an influx of items that were in high-demand during the pandemic that were no longer as widely sought. Sept. 28, 8:30 a.m.
Personal Consumption Expenditures: The US Bureau of Economic Analysts will provide its report on spending, income and prices for August. The price report is widely known to be the inflation index that is preferred by the Federal Reserve, making it especially important as the central bank seeks to bring prices down. Sept. 30, 8:30 a.m.
Consumer Sentiment: The University of Michigan Survey of Consumers will provide its final reading of consumers’ outlook for the economy and inflation for September. Sept. 30, 10 a.m.
Some big names in retail and consumer goods are reporting earnings this week:
Tuesday, Sept. 27: United Natural Fooods
Thursday, Sept. 29: Nike, Bed, Bath and Beyond, Rite Aid, CarMax