Nike warns of fourth-quarter impact in North America business

(Reuters) – Nike Inc said on Thursday store closures in North America will hurt its retail and wholesales businesses in the fourth quarter.

The company said only 5% of Nike-owned stores in the geography are open as of Thursday amid the COVID-19 pandemic.

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Shailesh Kuber)