It’s Earth Day today, and brands are holding promotions this week for environmentally friendly products such as reusable bags, footwear made from sustainable materials, and hydroponically grown lettuce. Companies such as Levi Strauss & Co. and REI are also touting their efforts to get customers to reduce, reuse, and recycle products.
Here’s what else is going on in retail:
In earnings: Several retail and retail-adjacent companies will release Q1 earnings this week. On Monday, Albertsons will be one of the first major supermarket chains to report this season. Visa will report on Tuesday, and is likely to provide some high-level insights on consumer spending behavior; representing CPGs that same day is PepsiCo. UPS, Chipotle, and Tractor Supply Company are also on deck this week, to name just a few.
In legislation: On Capitol Hill, House lawmakers passed a bill that would force TikTok’s Chinese parent company to divest its ownership stake in the popular social media platform-turned-e-commerce marketplace. This could spell the end of TikTok in the US if it doesn’t find a new owner, leading its current owner to prepare for a legal battle.
In data: Some retail-relevant data is dropping later this week, including the Bureau of Economic Analysis’s data on personal spending, the University of Michigan’s consumer expectations report, and the Census Bureau’s numbers on retail inventory levels.
On shelves: Finally, keep your eyes peeled for Time Magazine’s latest edition, featuring its 100 Most Influential People, whom the magazine will celebrate this Friday at a gala. The list includes retail execs such as Land O’Lakes CEO Beth Ford; Tapestry CEO Joanne Crevoiserat; and Ingka Holding CEO Jesper Brodin.