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29.03.2020 20:45:00

3 Reasons Why Nike Can Overcome the Coronavirus Crisis

Nike (NYSE: NKE), the world's largest sportswear company, has thus far seemed like one of the more obvious companies to be affected by the coronavirus pandemic.It was first forced to close stores in China, one of its key markets, and has now shuttered them in North America and Europe as the epidemic has moved to the West. In addition, many of the retail partners it relies on, like Foot Locker (NYSE: FL), have also closed their doors temporarily in order to stem the spread of the virus.Nike shares gave up as much as 40% during the COVID-19-related sell-off that began on Feb. 24, but after the company delivered an earnings report that soothed its investors' nerves, the stock has regained half of those losses.Continue reading
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