Nike, Under Armour Sit with Retailers Closing Stores to Curb Coronavirus Pandemic

Nike, Lululemon Athletica and Under Armour Sunday stated they would shut stores in the U.S. and other marketplaces, joining an expanding list of major retailers moving to help curb the rapid spread of the coronavirus.

Nike, Under Armour Sit with Retailers Closing Stores to Curb Coronavirus Pandemic

The pathogen, which originated in China late last year, has led to school closures and canceled sports events in the U.S. and beyond. It’s extensively expected to strike retail sales as shoppers remain at home to avoid catching the contagious COVID-19 respiratory illness that the virus causes.

The US’ top infectious disease expert Dr. Anthony Fauci stated conditions would seemingly worsen before they get better.

Nike on Sunday, stated it should shut shops in Canada, Western Europe, Australia and New Zealand from March 16 to 27. It will continue standard operations at stores in South Korea, most of China and in many other nations.

Under Armour mentioned it will shutter all North America shops from Monday for about two weeks. Lululemon mentioned it will shut its shops in North America and Europe for the same interval.

Nike and Lululemon run more than 650 stores combined in the U.S., while Under Armour has almost 190 stores in North America, showed the companies’ latest annual reviews. Each stated their online stores would proceed to be open.

Apparel retailer Lands End and Columbia Sportswear further stated Sunday they’d briefly close all of their stores in the U.S.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *