Major US retailers have received over $5 billion in tariff refunds this week alone, with Walmart getting $2.9 billion, Target $994 million, and Home Depot $730 million. The Trump administration is refunding approximately $166 billion in tariff revenue after the Supreme Court struck down its sweeping tariff policy, having returned $100 billion so far. Despite studies showing consumers bore the brunt of initial tariff costs through higher prices, most companies are reinvesting the refunds rather than passing savings to shoppers. Retail executives indicated in earnings calls they plan to put the money back into their businesses. Consumers have filed class-action lawsuits against companies receiving refunds, but none have concluded. Americans have limited recourse to recover funds if companies don't voluntarily lower prices.

Home Express Delivery Service, operating as Temco Logistics, is laying off 71 workers in Dallas as it closes its flatbed delivery centre in the Mountain Creek neighbourhood. The facility at 9222 W. Jefferson Blvd. will shut down, with affected employees being separated from employment beginning 26 September. Temco Logistics, a delivery and logistics company providing last-mile and white-glove delivery services for appliances and furniture, was acquired by The Home Depot in 2023. The company has filed similar notices in Florida and Georgia, where it is also closing flatbed delivery centres, resulting in a total of 223 job losses across three states.

Home Depot and Lowe's, the two major US home improvement retailers, continue to show divergent revenue scales. Home Depot reported $41.8 billion in revenue for the quarter ended May 2026, whilst Lowe's recorded $23.1 billion for the same period. Home Depot maintains its dominant position, benefiting from its professional contractor customer base, which contributes approximately half its sales. The company reported a 12% EBIT margin for its latest quarter and announced a strategic partnership with Hertz to benefit military personnel. Lowe's recorded a 33% gross margin for its quarter ended May 2026, though the company completed a permanent workforce reduction at its North Carolina facilities in early 2026. Both retailers faced share price pressure from interest rate headwinds and a soft housing market, with Home Depot shares dropping to $289.10 and Lowe's to $203.40 during the period.