Nike closes half its Chinese stores over coronavirus | News

Davida Erdahl

The sportswear huge will function the remainder of its China stores with minimized hours. 

It explained it expects a “material impact” on its functions in Better China in the shorter term. 

John Donahoe, president and CEO of Nike, explained: ”First and foremost, our feelings are with the people today impacted and we continue being centered on the wellness and safety of our teammates and partners. Despite this hard condition, Nike’s very long-term opportunity to keep on to provide people in Better China with inspiration and innovation remains exceedingly strong. At the similar time, we keep on to have incredible manufacturer and business momentum in all other geographies.”

Last week, United kingdom vendors and suppliers explained to Drapers they fear the coronavirus outbreak could induce “severe disruption” to trade.

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