Nike is an American corporation that creates, markets, and sells footwear, clothes, equipment, and accessories.
Nike, Inc. is an American multinational business that designs, develops, manufactures, and markets and sells footwear, clothes, equipment, accessories, and services worldwide. The corporation is based in the Portland metropolitan region, near Beaverton, Oregon. It is the world’s biggest provider of athletic shoes and clothing, as well as a significant producer of sports equipment, with a 2012 sales of more than $24.1 billion (ending May 31, 2012). It employs about 44,000 workers globally as of 2012. The brand alone was valued at $19 billion in 2014, making it the most expensive brand in the sports industry. Nike’s brand is worth $29.6 billion as of 2017. Nike was placed No. 89 on the 2018 Fortune 500 ranking of the top firms in the United States by total revenue.
Bill Bowerman and Phil Knight formed Blue Ribbon Sports on January 25, 1964, and Nike, Inc. was incorporated on May 30, 1971. Nike, the Greek goddess of triumph, inspired the company’s name. Nike sells its goods under the Nike brand, as well as Nike Golf, Nike Pro, Nike+, Air Jordan, Nike Blazers, Air Force 1, Nike Dunk, Air Max, Foamposite, Nike Skateboarding, and Nike CR7, as well as subsidiaries Brand Jordan, Hurley International, and Converse. Nike formerly owned Cole Haan and Umbro, as well as Bauer Hockey (later rebranded Nike Bauer) from 1995 until 2008. Niketown retail outlets are operated by the firm in addition to producing clothing and equipment. Nike supports numerous high-profile athletes and sports teams throughout the globe, and its trademarks “Just Do It” and the Swoosh emblem are well-known.
- Operating Status: Active
- Business Type: Public
- Headquarters: Washington County, Oregon, United States
- Founded Date: Jan 25th, 1964
- Organization CEO: Mark Parker
- Founders: Bill Bowerman, Phil Knight