Nvidia Defies Spending Slump Weighing On Best Buy, HP: Earnings Week Ahead

A handful of retailers and tech companies reporting this week, truncated by the Thanksgiving holiday, will show firms grappling with weaker consumer and corporate spending.

Best Buy Co., Nordstrom Inc. and Lowe’s Cos. are set to post slumping sales, reflecting the consumer pullback in discretionary sales that’s already been flagged by retail peers Walmart Inc. and Target Corp. The growing reluctance among households to make big-ticket purchases, however, could benefit the likes of Miniso Group Holding Ltd., which targets consumers with small gifts and snacks.