WUHAN – Leading global apparel brands are taking a significant hit in January due to store closures in China as a result of the Coronavirus outbreak. H&M has announced that around 45 store closures hurt sales in January while other brands have also noted major disruption in their Chinese operations. Gap, Uniqlo, Hugo Boss, Ralph Lauren, Nike, Levi Strauss and adidas have all gone public with the announcement of store closures in Central China as the impact of the virus continues to leave large parts of the country on lockdown.
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