Economy

The Week Ahead: J&J, Kimberly-Clark earnings, CHPA meets in DC

Check out what The Current is tracking in ecommerce for July 18-22.

closeup photo of iPhone on MacBook Pro
Summer views. (Photo by Vivek Kumar on Unsplash)

Welcome to a new week. The dog days of summer are officially here, as Prime Day is in the rearview and back-to-school season is just gearing up. It’s a time to take a break (highly recommended!), or get caught up and reconnect. It can also be a time to look for lessons and insights beyond your own inbox. Here’s a look at what we’re watching in the wide world of ecommerce this week:

Events

  • CHPA Marketing Conference: The Consumer Healthcare Products Association is in DC for a marketing-focused conference featuring speakers from Colgate-Palmolive, Johnson & Johnson and NielsenIQ. (July 19-20)
  • Grow NY: Retail brands will be at the Knockdown Center in Queens, NY, for two days of talks, workshops and networking. (July 19-20)

Earnings

After a big week of consumer-focused data, government economic indicators shift mostly to the housing market this week, second quarter earnings season is kicking into full gear, as some of the largest consumer goods companies provide an update on their performance and a look at the dynamics shaping the economy. Here are the key reports from companies who are part of the ecommerce ecosystem coming up this week:

  • Tuesday, July 19: Johnson & Johnson, Hasbro, Tootsie Roll Industries, Omnicom
  • Thursday, July 21: Mattel, Kimberly-Clark, Crocs, Snap Inc.
  • Friday, July 22: Twitter

Stories we’re following:

  • Ecommerce’s role as inflation rises: Is ecommerce becoming a destination for price relief? Early data from last week’s Amazon Prime Day showed inflation played a role in how shoppers approached the massive deals event, while monthly retail sales numbers from the US Commerce Department showed a bump for ecommerce in June.
  • What’s the Fed thinking? Last week offered key economic data on inflation, demand and consumer sentiment that says a lot about how the consumer economy remains in places it hasn't been in decades. It will also help the Federal Reserve make a decision about whether to once again raise interest rates at the end of the month, following last month's 0.75% increase. Expect more clues this week.
  • A new class of retail CEOs: Leadership changes announced last week at Victoria’s Secret, Gap Inc. and Dollar General join Under Armour, Bed Bath and Beyond, Glossier and The RealReal among companies replacing CEOs. There will be a new crop of top execs in retail, and they’ll be taking the helm with plenty of macroeconomic headwinds already blowing. In some cases where only resignations were unveiled, we will be watching to find out who the new leaders will be. In others, we’ll be on the lookout for signs of how the already-named successors will lead.


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