Nike Closes Stores in China Amid Coronavirus Outbreak
February 04 2020 - 5:29PM
Dow Jones News
By Maria Armental
Nike Inc. joined other retailers in shutting down stores in
China in response to a deadly virus outbreak and warned that its
financial results would be affected.
The retailer didn't specify the financial impact but said that
as a precaution and in cooperation with local authorities, it had
closed down about half of Nike-owned stores "with corresponding
dynamics across our partner stores."
The company said it would update the situation and the financial
impact during its third-quarter earnings call.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
February 04, 2020 17:14 ET (22:14 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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