Investors are looking toward big box retailer earnings expected out next week to better gauge the state of the U.S. consumer — after key inflation prints this week. Retailers Walmart (WMT), Target (TGT), TJX Companies (TJX), and Home Depot (HD) are on deck to post earnings.
"The consumer has increasingly wanted to spend on things like vacations, concerts, going out to eat, and that's also been more expensive," UBS U.S. Hardline & Broadline Food Retail Analyst Michael Lasser tells Yahoo Finance Live. "What has been left out is discretionary goods, things like consumer electronics, apparel, home-related products."
Lasser outlines how investors will be eyeing the performance of big-ticket retail items and increased sales driven by price hikes. He shares his outlook on Walmart's omnichannel approach for shoppers and Target's inventory concerns.
