Retailers raising prices to offset tariffs, impacting consumer wallets

From CNBC: 2025-05-31 08:00:00

Retailers are raising prices to offset tariffs as consumers face the impact on their wallets. Major companies like Costco, Best Buy, Walmart, and Target have already increased prices or plan to do so. Trump’s trade policy changes have led to uncertainty, with some companies blaming tariffs for price hikes while others remain vague. Many retailers have reduced their full-year guidance due to tariffs, leading to increased costs passed on to consumers.

Costco has raised prices on certain items due to tariffs. Best Buy has already implemented price hikes, while SharkNinja has raised prices on key products. Newell Brands has increased prices on baby gear to offset tariff costs. Walmart is expected to raise prices on various products, including toys and electronics. Nike has announced price increases on apparel and footwear. Target plans to increase prices on select products. Mattel and Macy’s are also considering price hikes.

Ralph Lauren and VF Corp are taking strategic pricing actions to manage tariff impacts. Home Depot, on the other hand, intends to maintain current pricing levels and diversify sourcing to mitigate tariff effects. Multiple retailers are facing challenges in navigating the impact of tariffs on their bottom lines and consumer prices.



Read more at CNBC: Here are the retailers raising prices