October 16, 2018

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July Retail Sales Released, and Walmart Reports Earnings

July Retail Sales Released, and Walmart Reports Earnings
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THE WEEK AHEAD

A housing report may show weakness in the real estate market, and investors will be looking at the strength of Walmart’s online efforts.

A Walmart worker organizing products. The retailer has been investing in e-commerce services.CreditEduardo Munoz/Reuters

RETAIL INDUSTRY

July retail sales report will help clarify consumer sentiment.

The Census Bureau is expected to release monthly retail sales information for July on Wednesday. The data will provide another measure of consumer sentiment in the face of rising gas prices and an escalating trade dispute with China.

— Michael Corkery


ECONOMY

New housing data may expose a softening market.

At 8:30 a.m. on Thursday, the Commerce Department will report data on new housing construction in July. New housing construction dipped in June to a seasonally adjusted annual rate of 1.173 million, a nine-month low. It was another sign of weakness in a real estate market that has been hurt by higher mortgage rates, tariffs on Canadian lumber and changes in tax policy. Economists are looking for a slight rebound in July, but another drop would confirm fears that the housing market is softening.

— Nelson D. Schwartz


RETAIL INDUSTRY

In Amazon’s online shadow, Walmart will release earnings.

Walmart is scheduled to report its second-quarter results on Thursday. Investors will be looking at whether the giant retailer’s investments in e-commerce services, like online grocery, continue to bolster revenue. Walmart has been testing a range of initiatives, from store robots to home delivery, in its quest to dent Amazon’s online dominance.

— Michael Corkery



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