Nike warns of fourth-quarter hit from virus-related store closures

(Reuters) - Nike Inc said on Thursday store closures across the globe will hurt its retail and wholesales businesses in the fourth quarter, even as it ramps up its e-commerce capabilities to address increased online orders amid the COVID-19 pandemic.The sportswear maker forecast a hit to its fourth-quarter financials in all the geographies where its products are sold, as only 5% to 40% of Nike-owned stores are open there.However, the company said all Nike-owned stores are open in China, while..