Nike, Inc.Type PublicTraded as NYSE: NKE S&P 500 ComponentIndustry Apparels, accessoriesFounded 1964 (as Blue Ribbon Sports) 1978 (as Nike, Inc.)Founder(s) Bill Bowerman Phil KnightHeadquarters Washington County, Oregon, United States (Near Beaverton, Oregon)Area served WorldwideKey people Phil Knight (Chairman) Mark Parker (President and CEO)Products Athletic footwear and apparel,sport equipments and other athletic and recreational productsRevenue US$ 20.862 billion (FY 2011)Operating US$ 2.844 billion (FY 2011)incomeNet income US$ 2.133 billion (FY 2011)
Total assets US$ 14.998 billion (FY 2011)Total equity US$ 9.843 billion (FY 2011)Employees 38,000 (May 2011)Website Nike.comNike, Inc is a major publicly traded clothing, footwear, sportswear, andequipment supplier based in the United States. The company isheadquartered near Beaverton, Oregon, in the Portland metropolitanarea. It is the worlds leading supplier of athletic shoes and apparel and amajor manufacturer of sports equipment, with revenue in excess ofUS$18.6 billion in its fiscal year 2008 (ending May 31, 2008). As of 2008,it employed more than 30,000 people worldwide. The brand alone is valuedat $10.7 Billion making it the most valuable brand among sportsbusinesses. Nike and Precision Castparts are the only Fortune500companies headquartered in the state of Oregon, according to TheOregonian.The company was founded on January 25, 1964 as Blue RibbonSports by Bill Bowerman and Phil Knight, and officially became Nike,Inc. on May 30, 1978. The company takes its name from Nike, the Greekgoddess of victory. Nike markets its products under its own brand, as wellas Nike Golf, Nike Pro, Nike+, Air Jordan, Nike Skateboarding, andsubsidiaries including Cole Haan, HurleyInternational, Umbro and Converse. Nike also owned Bauer Hockey(later renamed Nike Bauer) between 1995 and 2008. In addition tomanufacturing sportswear and equipment, the company operates retailstores under the Niketown name. Nike sponsors many high profile
athletes and sports teams around the world, with the highly recognizedtrademarks of "Just do it" and the Swoosh logo.ProductsNike produces a wide range of sports equipment. Their first products weretrack running shoes. They currently also make shoes, jerseys, shorts,baselayers, etc. for a wide range of sports, including track and field,baseball, ice hockey, tennis, association football (soccer), lacrosse,basketball, and cricket. Nike Air Max is a line of shoes first released byNike, Inc. in 1987. The most recent additions to their line are the Nike 6.0,Nike NYX, and Nike SB shoes, designed for skateboarding. Nike hasrecently introduced cricket shoes called Air Zoom Yorker, designed to be30% lighter than their competitors. In 2008, Nike introduced the AirJordan XX3, a high-performance basketball shoe designed with theenvironment in mind.Nike sells an assortment of products, including shoes and apparel forsports activities like association football, basketball, running, combatsports, tennis, American football, athletics, golf, and cross training formen, women, and children. Nike also sells shoes for outdoor activities such
as tennis, golf, skateboarding, association football, baseball, Americanfootball, cycling, volleyball, wrestling, cheerleading, aquatic activities,auto racing, and other athletic and recreational uses. Nike is wellknown and popular in youth culture, chav culture and hip hop culturefor their supplying of urban fashion clothing. Nike recently teamed upwith Apple Inc. to produce the Nike+ product that monitors a runnersperformance via a radio device in the shoe that links to the iPod nano.While the product generates useful statistics, it has been criticized byresearchers who were able to identify users RFID devices from 60 feet(18 m) away using small, concealable intelligence motes in a wirelesssensor network.In 2004, Nike launched the SPARQ Training Program/Division.Some of Nikes newest shoes contain Flywire and Lunarlite Foam toreduce weight.On July 15, 2009, the Nike+ Sports Band was released in stores. Theproduct records distance run and calories expended, keeps time, and alsogives runners new programs online they could try running.The 2010 Nike Pro Combat jersey collection were worn by teams from thefollowing universities: Miami, Alabama, Boise State University,Florida, Ohio State, Oregon State University, Texas ChristianUniversity, Virginia Tech, West Virginia, and Pittsburgh. Teams willwear these jerseys in key matchups as well as any time the athleticdepartment deems it necessary.
HeadquartersNikes world headquarters are surrounded by the city of Beaverton, butare within unincorporated Washington County. The city attempted toforcibly annex Nikes headquarters, which led to a lawsuit by Nike, andlobbying by the company that ultimately ended in Oregon Senate Bill887 of 2005. Under that bills terms, Beaverton is specifically barred fromforcibly annexing the land that Nike and Columbia Sportswear occupyin Washington County for 35 years, while Electro Scientific Industriesand Tektronix receive the same protection for 30 years.