Nike, adidas Close Chinese Stores Over Coronavirus Fears

The sportswear giants follow in the footsteps of Starbucks, McDonalds and Apple.

Footwear 
8,719 Hypes 2 Comments

Nike and adidas join the list of retailers reacting to the coronavirus pandemic. As Bloomberg reports, both sportswear giants are temporarily shuttering a massive number of Chinese stores and cutting hours at the rest.

Nike and adidas’ preventative measures were announced February 4 after trading closed for the day, both noting that it’s too early to completely assess the negative impact of coronavirus. The two are accompanied by a host of other major American companies with a Chinese presence, as ABC noted; Apple, McDonalds and Starbucks are also temporarily shuttering stores due to growing coronavirus-related fears.

“First and foremost, our thoughts are with the people affected and we remain focused on the health and safety of our teammates and partners,” said Nike CEO John Donahoe in a statement. “Despite this difficult situation, Nike’s long-term opportunity to continue to serve consumers in Greater China with inspiration and innovation remains exceedingly strong.” Nike manufactures approximately a quarter of its footwear and apparel in China, maintaining a large regional headquarters in Shanghai and a distribution facility in Taicang.

Most recently, a host of luxury companies that include LVMH, Kering and Swarovski donated millions of dollars to Chinese relief efforts.

Read Full Article

What to Read Next

Nike Debuts Another Dunk Low "From Nike, To You"
Footwear

Nike Debuts Another Dunk Low "From Nike, To You"

Offering cool, blue tones.

Fresh Hues of the Nike Dunk Low "From Nike, to You" Have Surfaced
Footwear

Fresh Hues of the Nike Dunk Low "From Nike, to You" Have Surfaced

Arriving this holiday season.

Official Images of the Nike Ja 1 "Chinese New Year"
Footwear

Official Images of the Nike Ja 1 "Chinese New Year"

A confirmed release date is set for early January of next year.


This Nike Air Force 1 Low Is a Gift "From Nike, To You"
Footwear

This Nike Air Force 1 Low Is a Gift "From Nike, To You"

Complete with elaborately embroidered branding details.

Artists & Prisoners Collaborate on Unique Artworks For "Human Touch" Show & Auction
Art

Artists & Prisoners Collaborate on Unique Artworks For "Human Touch" Show & Auction

Intricate needlework made in tandem with Ai Weiwei, Wolfgang Tillmans and more.

ASICS GEL-Nandi 360 "Putty" Adds Intricate and Colorful Woven Details
Footwear

ASICS GEL-Nandi 360 "Putty" Adds Intricate and Colorful Woven Details

A wildly colorful makeover for the hybrid lifestyle silhouette.

Levi's Vintage Clothing SS20 Draws From Ingenious Soapbox Derby Drivers
Fashion

Levi's Vintage Clothing SS20 Draws From Ingenious Soapbox Derby Drivers

A celebration of ’60s Californian cool.

Daily Paper Rekindles the Spirit of Afrofuturism in SS20 Lookbook
Fashion

Daily Paper Rekindles the Spirit of Afrofuturism in SS20 Lookbook

Bold prints and saturated colors.

King Krule Debuts New "Alone, Omen 3" Video, Reveals Album Release Date
Music

King Krule Debuts New "Alone, Omen 3" Video, Reveals Album Release Date

His third album, ‘MAN ALIVE!’ releases later this month.


Craig Costello Displays New Gestural Paintings at Copenhagen's Eighteen Gallery
Art

Craig Costello Displays New Gestural Paintings at Copenhagen's Eighteen Gallery

“Perfected through repetition, but never perfect.”

Motorola's New Foldable RAZR May Also Come in Gold
Tech & Gadgets

Motorola's New Foldable RAZR May Also Come in Gold

Recently leaked images show the handheld in a glossy new color.

James Evans Launches "Give up the Ghost" Solo Show in Mexico City
Art

James Evans Launches "Give up the Ghost" Solo Show in Mexico City

Large oil paintings that explore the concept of time and displacement.

N. HOOLYWOOD FW20: Dark Yet Soft While "Reinterpreting the Formal"
Fashion

N. HOOLYWOOD FW20: Dark Yet Soft While "Reinterpreting the Formal"

A dusky palette met with velvety textures.

Nike SB Brings Signature Skate Style to 2020 Olympics
Footwear

Nike SB Brings Signature Skate Style to 2020 Olympics

With uniforms designed by Piet Parra and two advanced iterations of the SB Bruin.

More ▾
 
We got you covered. Don’t miss out on the latest news by signing up for our newsletters.

By subscribing, you agree to our Terms of Use and Privacy Policy.