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Economy

This Week in Commerce: eTail West, Target and DTC earnings

Check out the happenings in commerce for Feb. 27-March 2.

red and white target logo

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.

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Marketing

Asos to expand retail media network with sponsored search ads

The online fashion retailer is partnering with Criteo to scale advertising through its website and app.

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A top online fashion retailer is poised to expand its retail media network.

The news: Asos is set to partner with Criteo on retail media to provide advertising opportunities for endemic brands across the retailer’s app and website. The three-year agreement is the latest in a series of deals over the last year for Criteo, which is powering retail media networks for a range of retailers, such as Best Buy and Michaels. The network will harness first-party data from Asos to reach customers.

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