The retail world takes center stage this week as financial markets are poised to dissect a slew of earnings reports from major retailers who will be sharing details on the profitability of holiday sales, perspective on the state of the economic recovery and the outlook for consumer spending during the remainder of 2011.
Target is among the companies scheduled to report, but before its numbers are released on Thursday plenty of competitors will have shed light on their operations. Companies such as Walmart, Macy’s, Home Depot, Office Depot and Barnes & Noble are scheduled to release earnings on Tuesday followed on Wednesday by Lowes, TJX, Limited, Dollar Tree and Chicos. On Thursday, in addition to Target, other companies reporting results include Gap, Safeway, Kohl’s and Sear’s Holdings. JCPenney is scheduled to report on Friday.