Week Ahead: Retailer Earnings and GDP Revision

Earnings reports from retailers next week are likely to show consumers remain skeptical that an economic turnaround is imminent. As if to emphasize that point, economists expect the second-quarter gross domestic product figure will be revised down to 1.4% growth from 2.4% when the report is issued next Friday. Meanwhile, the Securities and Exchange Commission is expected to pass a long-debated "proxy access" rule Wednesday. Among the retailers scheduled to post results next week are Coldwater Creek Inc. CWTR and Guess? Inc. GES, both Wednesday; J. Crew Group Inc. JCG on Thursday; and upscale jeweler Tiffany & Co. TIF on Friday. While retailers in general this week reported higher results after last year's awful results, caution was the buzzword as the industry looks out toward the rest of the year. Barnes & Noble Inc. BKS is expected to report a big fiscal first-quarter loss Tuesday as the bookstore chain struggles with a changing marketplace for books and other media. To read the rest, head over to FOX Business.