- DPA
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Nike Inc. announced on Tuesday
that it has temporarily closed about half of Nike-owned stores in
China due to the coronavirus outbreak.
Further, the company said it is operating with reduced hours and
experiencing lower than planned retail traffic in stores that do
remain open.
The company expects the situation to have a material impact on
operations in China.
“First and foremost, our thoughts are with the people affected and we
remain focused on the health and safety of our teammates and
partners,” said John Donahoe, President and CEO of NIKE, Inc.
“Despite this difficult situation, NIKE’s long-term opportunity to
continue to serve consumers in Greater China with inspiration and
innovation remains exceedingly strong. At the same time, we continue
to have extraordinary brand and business momentum in all other
geographies.” (dpa)
