Yuki Tanaka 
H&M publishes its nine-month report on September 24 at 08:00 CEST, with consensus calling for SEK 57.1 billion of Q3 sales and SEK 5.1 billion of operating profit after a second-quarter sales miss. The unanswered question is the US tariff refund process the company disclosed in June and has not quantified.
FedEx starts charging demand surcharges on US imports from Canada, Europe, Latin America and the Caribbean on September 21, 2026, and more than doubles its China and Asia-Pacific rates. Here is the full per-pound schedule, the lanes it replaces and what cross-border sellers should do before Monday.
Kohl’s, Lowe’s and Target handed marketing, e-commerce, loyalty and retail media to a single executive inside three weeks. Signals point to loyalty-gated personalized offers displacing broad promotions, quantified on the fiscal Q4 calls by mid-March 2027.
Amazon says Prime Air will serve nearly 500 cities and towns by the end of 2026, but its launch cadence, a Tacoma permit that put Walmart and Wing in a new state unannounced, and a Part 108 rule still stuck at OIRA point to fewer than 30 live sites on December 31. The store-hub model, not the delivery-station model, likely adds the next metros through Q1 2027.
TJX, Ross and Burlington are likely to guide at least 400 combined net new stores for calendar 2027, a record for the trio, when they report fourth-quarter results in late February to early March 2027. Three August earnings tells point that way: a raised TJX target with a 4% pace, two in-year plan raises at Ross, and a 115-store, $875 million capex year at Burlington.
The European Commission has asked the Council to authorize signature of the EU-India free trade agreement, with a December signing reported and tariff changes expected in 2027. Indian apparel, footwear, leather and gems go to zero duty in the EU while India cuts duties on European wine, spirits and premium cars.
Five Below reports second quarter fiscal 2026 results after the close on September 2, guiding $1.18bn to $1.20bn in sales and $1.15 to $1.27 in GAAP EPS. The outlook assumed tariffs would revert after July 24 and excluded refunds that peers have already booked.
The Commerce Department has proposed adding 14 product groups to the Section 232 aluminum, steel and copper tariffs, most at 25%. Public comments close August 27, 2026, and the list reaches consumer shelf goods including fire extinguishers, propane cylinders and extension cords.
The Estée Lauder Companies reports fiscal 2026 fourth quarter and full-year results on August 19, with consensus at $3.55 billion in revenue and 32 cents of adjusted EPS. Nine months of $2.12 already banked leave the full-year guidance range with almost no tolerance for a miss.
Home Depot reports second quarter fiscal 2026 results on Tuesday, August 18, with consensus near $4.71 per share on about $47.5 billion of revenue. The quarter is being presented by an interim office of the chief executive, one day before 50% Section 338 duties on Canadian goods take effect.