Economy

The Week Ahead: Shopify Unite, Amazon Accelerate and retail sales

Check out what's on tap in ecommerce and consumer goods from Sept. 12-16.

The Week Ahead: Shopify Unite, Amazon Accelerate and retail sales

Welcome to a new week. Summer is still officially with us for 10 more days, but the ecommerce events calendar has already fully transitioned to fall mode. Leaders will be gathering at events around the world this week, and we expect news to be one of the byproducts. Plus, the latest inflation and retail sales data is set to arrive from the federal government. Here's a look at The Current's calendar for the week:

Events

  • Chicago Ecommerce Summit: The one-day gathering brings together brands, retailers and solution providers. The event features panel discussions and presentations from leaders of #paid, Xena Workwear, Adobe and more. (September 13)
  • eTail Connect West 2022: The invite-only forum for ecommerce and digital marketing leaders is going live in La Jolla, California. (September 14-16)
  • MakeUp in New York: The beauty industry meets in New York, as skincare and makeup brands connect with suppliers during this two day event. Alongside an exhibition, the event includes educational programming featuring speakers from Olaplex, Coppertone, Goop and more. (September 14-15)
  • Shopify Unite: The annual developers conference for Shopify is getting underway in London with the first of three planned international events to take place this fall. Be on the lookout for headlines from the event. (September 12-13)
  • Amazon Accelerate: The conference for Amazon third party sellers features a keynote from Amazon's new CEO of Worldwide Amazon Stores, Doug Herrington, tennis legend Venus Williams and educational programming. The conference is in-person at the Seattle Convention Center, and virtual. (September 14-15)

​Economic Indicators

  • Consumer Price Index: August data on inflation from the federal government will offer a snapshot at whether prices are continuing the gradual fall they began in July, or whether they will continue to stubbornly remain at 40-year-highs. In July, the inflation rate fell to 8.5% from the 9.1% year-over-year increase reported in June. (September 13, 8:30 a.m.)
  • Producer Price Index: Also known as the wholesale price index, this measure of the prices paid for goods in the phases before they reach retail shelves is another key inflation measure. It showed a 9.8% year-over-year increase in July, down from 11.3% in June. (September 14, 8:30 a.m.)
  • Retail sales: The overall measure of consumer spending on goods provides a snapshot of demand. With steady year-over-year increases, numbers so far this year have shown that willingness to buy hasn’t been dented by elevated inflation. (September 15, 8:30 a.m.)
  • Consumer sentiment: The University of Michigan will provide its first reading on consumer sentiment for the month. This metric showed some improvement in August as the inflation rate dipped. (September 15, 10 a.m.)

Stories we’re following

  • Is inflation continuing to cool off? Inflation continues to be the focal point of both businesses that set prices and the central bankers that seek to keep the economy on track. After a decline in the overall inflation rate in July, there is some optimism that the worst might be in the rearview mirror. The Consumer Price Index data for August will offer a look at whether those sentiments are warranted, and offer hints at whether and how much the Federal Reserve may seek to hike interest rates later this month.
  • What did earnings season tell us? With second quarter earnings reports mostly completed, what overall lessons can we take from the data and analysis reported by retail, CPG and ecommerce companies? Many reported seeing a tough environment that will continue through the end of year. How will they adjust for the times, and what are the bright spots in the clouds?
  • Will there be a fall Amazon sales event? All summer, there was talk that Amazon sellers were moving inventory and deals into place for a fall sales event after they were contacted by the company. But September is nearly half over, and a date has yet to be announced. The Current is working to learn more about if and when the event is happening.

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