Welcome to a new week. Many retail industry leaders are starting the week heading to Palm Springs for eTail West. Meanwhile, a group of retailers and DTC brands will offer more data and insight on holiday results for 2022 in earnings reports.
Here’s what The Current will be watching in this week in commerce:
Events
eTail West: The retail conference in Palm Springs features stories, strategies, strategic conversations and networking. Keynotes will provide insight from leaders at Kohl's, e.l.f. Cosmetics, Walmart, Nordstrom and more. (Feb. 27-March 3)
Economic indicators
Durable Goods Orders: The U.S. Commerce Department releases data for January on the volume of manufacturer orders for goods that are designed to last more than three years. This is an upstream indicator of demand in the economy. (Feb. 27, 8:30 a.m.)
Retail inventories: The U.S. Commerce Department releases data for January on the amount of goods that were held in inventory by retailers. This number has been closely watched as many retailers faced a glut of inventory in 2022 as a result of supply chain disruptions. Feb. 28, 8:30 a.m.)
Consumer Confidence: The Conference Board releases data on consumer buying moods and expectations for the economy. (Feb. 28, 10 a.m.)
Earnings
Monday, Feb. 27: Hims & Hers
Tuesday, Feb. 28: Figs, Warby Parker, Target
Wednesday, March 1: American Eagle Outfitters, Abercrombie & Fitch, Kohl’s, Lowe’s, Qurate Retail, SmileDirectClub.
Thursday, March 2: Hormel Foods, Utz, Best Buy, Victoria’s Secret.
