Nike was founded in 1964 as Blue Ribbon Sports by Bill Bowerman and Phil Knight, distributing shoes made by Onitsuka Tiger. It became Nike Inc. in 1971, named after the Greek goddess of victory. By the 1980s, Nike had grown to a 50% market share in the US athletic shoe market and expanded its product lines and global operations. Today, Nike sells a wide range of footwear, apparel, and equipment for sports like running, basketball, soccer, and more, emphasizing its brand identity of excitement, innovation, and athleticism through its "Just Do It" slogan and Nike Swoosh logo.