Nike, Target, Amer Sports + More Companies Have Gotten Tariff Refunds — Will Shoppers See Them Too?

Nike, Target, Amer Sports + More Companies Have Gotten Tariff Refunds — Will Shoppers See Them Too?

Wed, August 19, 2026 at 7:34 PM GMT+3 4 min read

Some shoe firms have already received their tariff refunds, others are still waiting to get theirs. So far, the shoppers who paid higher prices seem to be out in the cold.

The tariff refunds are for reciprocal duties imposed last year under the International Emergency Economic Powers Act that shoe firms paid, but were ruled illegal this past February by the U.S. Supreme Court. Some companies absorbed a portion of the added costs from the duties, while others raised prices. For example, Nike in May 2025 said it was doing a "surgical" price increase for a select group of items, averaging between $2 and $10. And Swoosh's sneaker competitor Adidas said last October that new products to the U.S. featuring innovative technologies would see higher prices.

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There are several lawsuits filed by consumers and advocacy groups asking refunds be distributed to shoppers because of the higher prices that were passed along to them. Warehouse chain Costco Wholesale Corp. — which sells apparel and footwear at its locations — was sued in March, while some customers sued Nike in May in a federal district court in Oregon.

The claims charge that those receiving refunds benefit twice, the first time from the higher prices charged to consumers and the second time when they received the tariff refunds. How these lawsuits get resolved remains unclear. The U.S. Customs and Border Protection is only processing refunds for registered importers of record. Moreover, shoe retailers and brands don't necessarily know which particular shopper bought what and when.

Below is a list of which companies have received tariff refunds thus far, and the dollar amount refunded. More amounts are expected to be revealed in the coming months.

Target Corp.: $994 million was received in the second quarter ended Aug. 1. Net income for the period jumped 100.8 percent to $1.88 billion from $935 million a year ago. Target doesn't separate out sales costs for each category, such as footwear. The company did note that the IEEPA tariff refunds received were recognized as a reduction of Cost of Sales.

Nike Inc.: $986 million was received as of July 31. A $302 million refund in the fourth quarter gave net income a boost of 407 percent. The company said the jump was attributed to a 52 cents per share benefit connected to the IEEPA refund. Adjusted without this benefit, earnings per share were 20 cents. The balance of $684 million was received in mid-July. Nike won't report first-quarter earnings results until around the end of September.

Columbia Sportswear Co.: $78 million was received in the second quarter ended June 30. The parent of Columbia and Sorel branded footwear said net income for the quarter was $26.6 million, against a net loss of $10.2 million in the same year-ago three-month period. "The recovery of IEEPA tariffs benefited diluted earnings per share by 93 cents," the company said. Earnings per share for the quarter was 52 cents a diluted share, versus a loss of 19 cents per diluted share a year ago.

Amer Sports Inc.: $50.1 million was received in the second quarter ended June 30. The refund boosted the company's second-quarter net income to $107 million, contributing to a 489 percent spike from $18.2 million a year ago for the parent of the Salomon sneaker and Arc'teryx brands. The benefit from the tariff refunds is "net of the release of capitalized tariff costs, specific inventory reserves and estimated reimbursements to vendors," the company said when it posted second-quarter results on Tuesday.

Weyco Group Inc.: $18.6 million was received thus far. The parent of the Florsheim, Nunn Bush, Bogs and Stacey Adams brands received a partial refund of $1.8 million in the second quarter ended June 30. The balance of $17.5 million was received in July, which was reflected as a receivable on the firm's Condensed Consolidated Balance Sheets as of June 30. Weyco's refund claims total $19.3 million, and the timing for the balance of $1.2 million is subject to determination by the CBP. The contribution to earnings gave net income for the period a 6.9 percent boost to $62.2 million from $58.2 million in the same year-ago quarter.

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