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. (NASDAQ:CWTR) and Guess? Inc. (NYSE:GES), both Wednesday; J. Crew Group Inc. (NYSE:JCG) on Thursday; and upscale jeweler Tiffany & Co. (NYSE: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. (NYSE: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.

The second-quarter gross domestic product could be revised to 1.4% growth, down from the first estimate of 2.4% growth, according to a poll of economists by Briefing.com. GDP has been positive since the third quarter of 2009, a clear sign that the recession is over although the economy remains weak.

Also out next week are reports on July existing-home sales, which likely declined 4.3% from June, and new home sales, which are expected to rise 2.4%.

The reports are due Tuesday and Wednesday, respectively. The government will detail July orders for durable goods -- those expected to last more than three years -- on Tuesday. Next Friday, the Reuters/University of Michigan consumer sentiment index will release its final reading for August. Reports on regional manufacturing activity are scheduled Tuesday from the Richmond Fed and Thursday from the Chicago Fed.

Among appearances by Federal Reserve officials: Kansas City Fed President Thomas Hoenig will testify Monday before a House subcommittee in Overland Park, Kan.; Chicago Fed President Charles Evans will speak Tuesday in Indianapolis; and Chairman Ben Bernanke will discuss the economic outlook at the Kansas City Fed's annual Jackson Hole, Wyo., conference next Friday.

The Securities and Exchange Commission will vote Wednesday on a proposal to allow shareholders to more easily nominate candidates for board seats, a move that could shake up the board elections at many public companies. The rule, which is expected to pass on a 3-2 vote, would be a watershed for the commission, which has tried and failed to adopt a "proxy access" rule under two prior chairmen.

Lehman Brothers Holdings Inc.'s multibillion-dollar lawsuit against Barclays PLC (NYSE:BCS) gets under way next week when Barclays will call its first witnesses in the trial Monday. Lehman sued Barclays in New York bankruptcy court over the British bank's purchase of Lehman's brokerage in September 2008, shortly after Lehman collapsed. Lehman is trying to recover more than $11 billion that it says Barclays unfairly pocketed in the deal by failing to disclose discounts it was receiving on the assets it was buying.

People pursuing claims related to the massive oil spill in the Gulf of Mexico will be able to file for compensation with the Gulf Coast Claims Facility starting Monday. Gulf Coast Claims Administrator Ken Feinberg said all personal and business claims are being moved to the facility from oil giant BP PLC (NYSE:BP), whose well blew out April 20, killing 11 people, destroying the Deepwater Horizon rig and triggering the worst offshore oil spill in U.S. history.

Among the significant conferences next week are the EnerCom Incorporated Oil & Gas Conference from Sunday through Thursday in Denver and National Investment Banking Association Conference from Tuesday through Friday in Irving, Texas.