NIKE, Inc. Provides Latest Update on Coronavirus Epidemic will have โ€˜material impactโ€™ in Greater China

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Nike, Inc, states in their latest press-release on the coronavirus epidemic, protecting their employeesโ€™ health and safety that is the most priority with the coronavirus outbreak, therefore, it announced today that would temporarily shutter roughly half of its stores within Greater China.

In the context of the evolving dynamics related to the coronavirus, John Donahoe, President, and CEO of Nike, Inc. said โ€œFirst and foremost, our thoughts are with the people affected and we remain focused on the health and safety of our teammates and partners,โ€ continues said โ€œDespite this difficult situation, Nikeโ€™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.โ€

As this situation develops, please stay tuned for continuous updates.