Nike, adidas Close Chinese Stores Over Coronavirus Fears

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, a...