Nike to close stores due to coronavirus through March 27 - Business Insider

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Nike to close stores due to coronavirus through March 27 - Business Insider
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Nike will close all US stores for 2 weeks to limit the spread of the coronavirus pandemic

in Beaverton, Oregon, two weeks ago, Nike is now closing many of its retail stores across the US due to coronavirus concerns.

Now, major corporations like Nike are taking drastic measures to prevent further spread of coronavirus. On March 14, Apple announced itWhile Nike has reopened its Oregon headquarters, the company is encouraging US-based employees to work from home starting on March 16 through the end of the month, according to the retailer.

Like the vast majority of retailers, Nike has felt the weight of the coronavirus outbreak on its stock. The retailer's share price has fallen slightly more than 25% since the beginning of 2020, wiping out more than $40 billion in the company's market value.

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