Holiday Outlooks Due From Retailers in Test of US Consumer
- Walmart, Target, TJX among companies set to report this week
- Holiday sales expected to post slowest growth since 2018: BI
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Last week’s selloff, which comes on the heels of what has been a generally successful earnings season for Corporate America, has investors bracing for one final test: a reading on the state of the consumer from a series of retail bellwethers who report in the coming days.
Not only will the retailers provide projections for the key holiday shopping season, they will likely face new questions about the impact of President-elect Donald Trump’s proposed tariffs plans. Walmart Inc. is set to report on Tuesday, followed by Target Corp., TJ Maxx owner TJX Cos. and a slew of other retailers.