Retailers Face Pressure as Earnings Season Kicks Off with Disappointing July Sales

U.S. cash markets are closed on Sunday, August 16, giving investors time to prepare for a week of crucial earnings reports from five major retailers.

The retail sales in July dropped by 0.6%, marking the first decrease observed in nine months, and investors will be closely watching the guidance and comparable sales provided by these companies.

Home Depot, Target, Lowe's, TJX, and Walmart are among the retailers that will report their earnings this week, with Home Depot expected to post revenue of $47.2 billion and Walmart reaching $186.9 billion, according to consensus estimates.