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Nike Piles Onto Slew of China Store Closings as Coronavirus Brings Nation to its Knees

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Retail is reeling from the coronavirus. On Tuesday, Nike said it will temporarily shutter “approximately half” of its company-owned stores in Greater China as a precaution to protect the health of its employees and partners. The sportswear maker said there would be “corresponding dynamics” among its partner stores in the region and that it would…

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