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

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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