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.

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.