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Nike bets on digital sales to stay afloat in US, Europe

Nike survived the coronavirus outbreak in China as online sales soared, and the company expects similar results in the US and Europe, CEO John Donahoe said. Nike, which closed most stores outside China, South Korea and Japan on March 16, said it has reopened about 80% of its 7,000 stores in China and will reopen other locations on a store-by-store basis.

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