Nike Closes Stores in China Amid Coronavirus Outbreak

Date : 02/04/2020 @ 10:29PM
Source : Dow Jones News
Stock : Nike Inc (NKE)
Quote : 80.7  1.47 (1.86%) @ 5:05PM

Nike Closes Stores in China Amid Coronavirus Outbreak

Nike (NYSE:NKE)
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   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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