Nike, Lululemon, Tapestry managing China risks well, says Oppenheimer
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Nike shares rise as Wall Street lauds recovery in China sales
Nike Inc shares rose 8% on Wednesday after the sportswear maker's impressive recovery in China sales offered hope that it was prepared to cope with the financial fallout of the coronavirus pandemic in other markets......»»
Nike revenue beats as digital growth offsets rare China sales fall on virus hit
Nike Inc beat estimates for quarterly revenue on Tuesday as strong digital demand offset the first China sales drop in nearly six years from the coronavirus-fueled shutdowns, but the company held back from providing a forecast due to the outbreak......»»
Nike"s revenue beats as North America, Europe offset China sales drop
Nike Inc beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand in North America and Europe that blunted the first drop in China sales in nearly six years due to the coronavirus-fueled shutdowns......»»
Nike sees Q4 greater China revenue roughly flat
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Nike says it has reopened 80% of stores in China
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Tapestry says prior guidance didn"t factor coronavirus outbreak beyond China
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Analyst warns of "dire" consequences for retailers that keep stores open
In a note to investors Monday, Susquehanna Financial Group analyst Sam Poser commended Nike and other retailers that have closed stores because of the coronavirus outbreak. Nike, Columbia Sportswear, Lululemon, Steve Madden and Under Armour are amo.....»»
Vanda Pharmaceuticals downgraded to Underperform at Oppenheimer on Hetlioz risks
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Nike, Under Armour join retailers shutting stores to limit virus spread
Nike Inc, Lululemon Athletica Inc and Under Armour Inc on Sunday said they would close stores in the United States and other markets, joining a growing list of major retailers moving to help limit the spread of the coronavirus......»»
More U.S. retailers shut stores to limit coronavirus spread
More major retailers said on Sunday they would shut stores in the United States to limit the spread of the coronavirus, including Nike, Under Armour, and Lululemon Athletica, a day after similar moves by several other U.S. retailers......»»
Nike to review supply chains in China after reports Uighurs forced to make shoes
Its supplier in China is looking for ways to responsibly end the workers’ contracts, Nike said......»»
What Apple, Microsoft, Nike and other U.S. companies are saying about the coronavirus outbreak
The new coronavirus that was first identified late last year in Wuhan, China, is a dominant theme in the earnings releases and conference calls of S&P 500 companies as investors press for answers on how it will impact their business......»»
OECD Global Growth Forecast Shrinks on Coronavirus Concerns
The OECD has chopped its forecast for 2020 global economic growth by half a percentage point. The coronavirus outbreak and its impact on China are the primary causes but other risks also exist......»»
Asian factories take a beating from virus outbreak
Asia's factories took a heavy hit in February from the coronavirus outbreak with activity in China shrinking at a record pace, business surveys showed on Monday, adding to fears the crisis risks triggering a global recession......»»
Japan"s January factory output beats forecasts but slowdown expected
Japan's factory output rose more than expected in January, providing some relief for policymakers amid heightened risks of a recession as the coronavirus outbreak in China disrupts supply chains and business activity......»»
What Apple, Coca-Cola, Nike and other U.S. companies are saying about the coronavirus outbreak
The new coronavirus that was first identified late last year in Wuhan, China, is a dominant theme in the earnings releases and conference calls of S&P 500 companies as investors press for answers on how it will impact their business......»»
Futures tank as virus risks deepen
U.S. stock index futures tumbled on Thursday as the rapid spread of the coronavirus outside China raised fears of a pandemic and sent investors scurrying to the perceived safety of gold and bonds......»»
Taiwan PCB makers urged to accelerate capacity relocation amid outbreak
Taiwan's PCB makers are facing higher risks from the coronavirus outbreak thanks to relatively heavier production deployments in China than their peers in Japan and South Korea, prompting calls for them to accelerate capacity relocation from China......»»
Even the Mighty Coca-Cola Faces Coronavirus Risks
Coca-Cola has outlined some exposure it has to Covid-19. China is its third-largest market in the world in terms of unit case volumes......»»
Daimler warns of "significant adverse effects" of virus outbreak
German luxury carmaker Daimler on Friday warned of risks for the economy and its own business from the outbreak of coronavirus that is spreading in China and around the world......»»