Nike Is Closing U.S. and Other International Stores Because of Coronavirus
Sneaker and athletic apparel giant Nike (NYSE: NKE) is closing all of its U.S. stores, as well as those in Western Europe, Canada, and Australia and New Zealand, starting Monday and continuing through March 27, CNBC reported Sunday morning.
However, the company is keeping stores in other parts of the globe open, including China, Japan, and other Asian countries that sustained the first wave of the COVID-19 pandemic. A Nike spokeswoman told CNBC that the company would continue to pay workers of closed stores full-time wages during the retail shutdown.
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Source Fool.com
