Nike warns of fourth-quarter impact in North America business

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Nike Inc said on Thursday store closures in North America will hurt its retail and wholesales businesses in the fourth quarter.

FILE PHOTO: People wearing protective face masks walk past the closed Nike store on a nearly empty 5th Avenue, during the outbreak of the coronavirus disease , in Manhattan, New York city, New York, U.S., May 11, 2020.

Mike SegarThe company said only 5per cent of Nike-owned stores in the geography are open as of Thursday amid the COVID-19 pandemic.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines