In case you thought the summer sales season had run its course, Lowe’s is tossing in a “Closeout” sales event for good measure. Running through Wednesday, the home improvement retailer is offering 60% off items ranging from patio furniture to kitchen appliances. As Retail Brew reported last month, the summer is becoming a hotbed of sales events as retailers compete with Amazon Prime Day.
In earnings: It’s a relatively quiet week, earnings-wise, but there are still a handful of potentially interesting calls on the docket. Simon Property Group is reporting today, and the mall operator usually offers some insights on the state of brick-and-mortar retail and consumer behavior overall. The next big retailer reporting is CVS on Wednesday, which should provide an update on its ongoing expansion into primary health care—even as rivals like Walgreens pull back.
In data releases: On Wednesday, the Federal Reserve is releasing its monthly Consumer Credit report, which shows changes in how much and what kinds of credit Americans are shouldering. Its last report came out July 8 and showed consumer credit increasing at a seasonally adjusted annual rate of 2.7% in May. This tracks with recent trends showing that consumers are taking on more debt to sustain their spending, with one recent Philadelphia Fed study showing that delinquency rates in July hit a 12-year high.
In webinars: Online pet shop Bark is hosting a webinar on Wednesday to discuss its approach to offering “hyper-personalized customer experiences to drive AOV, retention, and loyalty,” including concrete examples and tips.
In promotions: Grubhub is running a promotion through the month of August aimed at soon-to-be moms. Since diets can be so restricted during pregnancy, the platform’s “Special Delivery” is offering moms $20 off their first—and often highly anticipated—postpartum meal.