Next Week: Retailers, GDP, Housing
By Neil Shah
Here’s Dow Jones Newswires’ Kathy Shwiff on what’s coming up on the corporate and economic news front.
-More U.S. retailers will report quarterly results. On deck: Coldwater Creek Inc. and Guess? Inc., both Wednesday; J. Crew Group Inc. on Thursday; and upscale jeweler Tiffany & Co. on Friday.
Also, Barnes & Noble Inc. is expected to report a big fiscal first-quarter loss Tuesday as the bookstore chain struggles with a changing marketplace for books and other media.
-Economists expect the U.S. second-quarter gross domestic product figure to be
revised down to 1.4% growth from 2.4% when the report is issued next Friday.
-And figures are due on July existing-home sales, which likely declined 4.3% from June, and new home sales, which are expected to rise 2.4%. The reports are due Tuesday and Wednesday, respectively. As for other economic data, the government will detail July orders for durable goods–those expected to last more than three years–on Tuesday. Next Friday, the Reuters/University of Michigan consumer sentiment index will release its final reading for August. Reports on regional manufacturing activity are scheduled Tuesday from the Richmond Fed and Thursday from the Chicago Fed.
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