Nike reportedly is hiking prices by as much as 7%, according to various media reports, though the apparel maker is not tying the cost increases directly to tariffs.

Nike will raise prices for some of the sporting goods maker's shoes, clothing and equipment starting this week, according to a person familiar with the matter.The price hikes will affect only certain products and are part of a seasonal adjustment,

By June, shoppers at the budget-friendly retailer may start to see higher prices on the shelves for these goods.