The sportswear brand has collected more than $300 million in refunds for the invalidated levies, as of the quarter ending May 31.
An article from
Dive Brief
The sportswear brand has collected more than $300 million in refunds for the invalidated levies, as of the quarter ending May 31.
Published July 8, 2026
The Nike logo is displayed at a Nike Well Collective store on Feb. 16, 2024, in Glendale, California. While Nike is planning for additional tariff refunds during the fiscal year, it still expects duties to remain a headwind, according to EVP and CFO Matthew Friend.
Nike says it's in a better financial position as it awaits nearly $1 billion in refunds related to IEEPA tariffs.
As consumers seek a cut of tariff refunds, one attorney said Nike, as one of the most recognizable brands, is “the obvious test…
Piper Sandler said the anticipated payback could be a major tailwind for Nike.
Nike is accused of unjust enrichment by a man who says he paid more for Nike sneakers on account of IEEPA tariffs the U.S.…
Adidas and Lululemon also face proposed class actions from consumers seeking refunds after the Supreme Court struck down Trump's…
Sportswear company to significantly reduce manufacturing in China to mitigate impact of US trade policies
