US companies get creative with tariff refunds as Supreme Court ruling pays off

US companies are using tariff refunds from the Supreme Court's overturning of import tariffs in creative ways, including covering costs, boosting employee retirement plans, and offering discounts to budget-conscious shoppers. Consumer discretionary and staples companies disclosed nearly $9.8 billion in refunds, with firms like Williams-Sonoma allocating $10 million to employee 401(k) contributions and $47.5 million to vendors. Others, including Kohl's and Walmart, are sharing funds with suppliers or offering temporary deals. Some companies are selling refund claims to third parties for quick cash, such as Xerox and Academy Sports, while Elf Beauty plans to lower prices on 10% of products. Executives note the relief is temporary.