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The company’s stock has plunged since the beginning of 2020.
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Independent financial services company Cowen predicts that store closures, among other widespread effects of COVID-19 (such as the cancellation of major sporting events) will result in a 34 percent decrease in DD8014 nike’s revenue. Similarly, London-based Woozle Research, estimates DD8014 nike’s losses at above $5.5 billion USD over the next three to six months.
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