Welcome to a new week. Retail is the focus of the economy in the coming days. As Q3 earnings seasons rolls on, Walmart, Target and Home Depot are set to report results. Plus, the US Commerce Department is set to report the latest retail and ecommerce sales.
Here’s a look at the calendar:
Events
The countdown to Black Friday is on, but some holiday events have already arrived:
Walmart Black Friday Deals for Days: Walmart holds the second of three pre-Black Friday deals events. Walmart+ members get a head start on access to the savings on Nov. 14, followed by general availability on Nov. 16.
From YouTube to You: The video platform is ringing in holiday shopping with a series of livestreams, videos and Shorts. More than 30 of the platform’s biggest creators will feature brands such as POPFLEX, Ulta Beauty and TULA Skincare. Through Nov. 19
Economic indicators
Retail and ecommerce sales highlight this week’s data on the state of the consumer:
Consumer Inflation Expectations: The Federal Reserve of New York provides a snapshot of the consumer outlook on spending and the labor market. This is watched by policymakers for signs that inflation is becoming entrenched. Nov. 14, 11 a.m.
Producer Price Index: The US Commerce Department releases monthly data on the price of goods in the stages before they reach retail. Also known as the wholesale price index, this is known as a forward-looking measure of inflation. Nov. 15, 8:30 a.m.
Retail Sales: The US Commerce Department releases monthly data showing total retail sales across multiple categories. This is a key indicator of consumer demand, as well as performance of the retail sector as a whole. Nov. 16, 8:30 a.m.
Q3 Ecommerce Sales: The US Commerce Department releases data showing total ecommerce sales for the third quarter. This is a frequently referenced measure to gauge the growth of ecommerce, and its share of overall retail. Nov. 18, 10 a.m.
Housing Starts + Existing Home Sales: Monthly data for the housing market offers a look at new home construction that kicked off, and sales of homes that are already built. Nov. 17 + 18
Earnings
Earnings reports for the third quarter include reports from some of the largest retailers:
Monday, Nov. 14: ThredUp, Digital Brands Group, Oatly, Tuesday Morning
Tuesday, Nov. 15: Walmart, Home Depot, Lulu’s Fashion Lounge
Wednesday, Nov. 16: Target, Lowe’s
Thursday, Nov. 17: Gap, Inc., Macy's, Alibaba, Farfetch, Bath & Body Works, Kohls, Destination XL, Williams Sonoma
Friday, Nov. 18: Foot Locker
