The temporary stop to retail and the suspension of the NBA and the National Football League, dictated by the spread of Covid-19, could result in Nike in a drop in revenues of 3.5 billion dollars. This estimate for the current quarter is the investment bank Cowen, according to which Nike’s sales will mark -34 percent. In recent days, the Beaverton player has announced the closure, until March 27, of all its stores in the United States, Canada, Western Europe, Australia and New Zealand.
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