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Nike Q4 Sales Could Plunge as Virus Forces Stores Offline

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Nike could lose a third of its projected revenue by the fourth quarter, Cowen Research predicts.
CREDIT: Shutterstock

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How much could the coronavirus pandemic cost Nike Inc.? Since the COVID-19 outbreak has leaped from its origins in China to the rest of the global of the global community, companies in the apparel and retail sectors have been bracing for impact, shutting down thousands of stores worldwide and taking precautions to curtail the spread…

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