Nike (NKE) announces approximately half of NIKE-owned stores have been temporarily closed in China
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NIKE, Inc. Provides Update on Impact of Coronavirus in Greater China
February 4, 2020 4:40 PM ESTBEAVERTON, Ore.--(BUSINESS WIRE)-- In the context of the evolving dynamics related to the coronavirus in China, NIKE, Inc. (NYSE: NKE), is prioritizing the health and safety of our teammates and partners, in cooperation with local authorities. Similar to others in the marketplace, approximately half of NIKE-owned stores have been temporarily closed, with corresponding dynamics across our partner stores. In addition, we are operating with reduced hours and experiencing lower than planned retail traffic in stores that do remain open. In the short term, we expect the situation to have a... More
