Nike, Target, Amer Sports Among Companies Receiving Tariff Refunds

Regulation
โดย WWD·US·Read original
Summary · why it matters

Several major shoe and apparel companies have received refunds for reciprocal tariffs imposed last year under the International Emergency Economic Powers Act that were ruled illegal by the U.S. Supreme Court in February. Target Corp. received $994 million in the second quarter ended Aug. 1, while Nike Inc. received $986 million as of July 31, including a $302 million refund that boosted fourth-quarter net income by 407 percent. Columbia Sportswear Co. received $78 million, Amer Sports Inc. received $50.1 million, and Weyco Group Inc. has received $18.6 million of its $19.3 million in claims. Consumer lawsuits filed against companies such as Costco and Nike seek to distribute refunds to shoppers who paid higher prices, but the U.S. Customs and Border Protection is only processing refunds for registered importers of record, and retailers do not necessarily know which customers bought which items.

Impact on stocks 7

Consumer Discretionary▲ · 5 stocks
Nike Inc
NKE
▲ PositiveTariffrelevance

Received $986 million in refunds, including $302 million boosting Q4 net income by 407%.

Amer Sports, Inc.
AS
▲ PositiveTariffrelevance

Received $50.1 million in tariff refunds after Supreme Court ruled tariffs illegal.

Weyco Group Inc
WEYS
▲ PositiveTariffrelevance

Received $18.6 million of its $19.3 million in claims.

Consumer Staples▲ · 2 stocks
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