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Boost from e-commerce blunts coronavirus hit on Nike's China sales

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Nike's quarterly profits dropped following a rare sales decline in China due to the coronavirus outbreak, a hit offset somewhat by higher online sales in that market, the company announced Tuesday.

[NEW YORK] Nike's quarterly profits dropped following a rare sales decline in China due to the coronavirus outbreak, a hit offset somewhat by higher online sales in that market, the company announced Tuesday.

The sporting goods giant, which had garnered double-digit revenue growth in...

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