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2 Months : From Feb 2020 to Apr 2020
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.
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(END) Dow Jones Newswires
February 04, 2020 17:14 ET (22:14 GMT)
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