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Nike, Puma, Under Armour ‘Too Optimistic’ About Vietnam Comeback?

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Sportswear companies may be underestimating how long it will take for production in Vietnam to return to normal, according to a research note BofA Securities published last week. And Nike may already have started cancelling orders it’s unable to fulfill. Faced with soaring Covid-19 cases this summer, Vietnam’s government imposed—and then repeatedly renewed—a suite of…

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