Nike is closing all of its stores in the US

Folks wander by a Nike shop in New York.

Spencer Platt | Getty Illustrations or photos

Nike is closing all of its outlets in the U.S., along with other elements of the environment, to attempt to curb the spread of the new coronavirus, the firm reported Sunday early morning.

Its areas throughout the U.S., Canada, Western Europe, Australia and New Zealand will near from Monday through March 27, the business mentioned.

Personnel will still be compensated in comprehensive throughout this time off, a spokeswoman verified to CNBC.

Meantime, Nike is continue to trying to keep open up its retailers in South Korea, Japan, most of China and in “numerous other nations,” the firm mentioned, primarily based on day by day assessments of the COVID-19 pandemic.

Nike joins a increasing checklist of organizations getting comparable measures. Shops including Patagonia, Apple, Warby Parker, City Outfitters, Glossier and Allbirds are shutting their shops in the U.S. Walmart and Lululemon are amongst the retailers that are limiting retailer hours. In Italy and France, all non-critical retail has been ordered to be shut down.

Nike had 384 retail suppliers in the U.S., which include Converse and its outlet locations, at the finish of 2019, according to SEC filings. Internationally, it experienced additional than 750 places.

There have been more than 156,000 instances of the new coronavirus described globally, according to the hottest details from Johns Hopkins University, with at the very least 5,833 deaths.

Right here is the comprehensive memo from Nike pertaining to the retail outlet closures:

The effectively-staying of our teammates and consumers is our leading priority so we have decided to close our stores in multiple international locations all over the planet together with in the United States, Canada, Western Europe, Australia and New Zealand to limit the spread of the Coronavirus (COVID-19). These closures will go into outcome from Monday, March 16 through Friday, March 27. Prospects can keep on to store on and on our Nike apps. 

We are using further actions in other Nike-managed services, including the selection to get the job done from residence, staggered get the job done schedules, social distancing and further protection and cleansing actions to assistance defend and assist our teammates.

Our Nike-owned stores in South Korea, Japan, most of China and in many other countries are presently open and will go on their regular operations.

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