Last week, retailers Walmart and Target provided broad strokes on how rising prices for essentials have reshaped consumer habits. Now come the finer points.
Last week, retailers Walmart Inc., Target Corp. and Home Depot Inc. provided broad strokes on how rising prices for essentials have reshaped consumer habits.
Now come the finer points, with a whole lot of other retailers — including Dollar Tree Inc. DLTR , Costco Wholesale Corp. COST , Best Buy Co. Inc. BBY , Gap Inc. GPS and Ulta Beauty Inc. ULTA — reporting results this week. Burlington Stores Inc. BURL , Build-A-Bear Workshop Inc. BBW , Best Buy, Dollar Tree, Ulta, Costco and Gap are expected to report Thursday. Big Lots Inc. BIG rounds out the week on Friday.
“This stubborn inflation in dry grocery and consumables is one of the key factors creating uncertainty for us in the back half of the year because of the cumulative impact on discretionary spending in other categories, specifically, general merchandise,” he continued. Still, as with signs of easing anxiety over inflation, a FactSet analysis of first-quarter earnings calls found that the word “recession” came up less frequently, and that the number of S&P 500 companies talking about one has fallen for the third straight quarter.
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