The company was founded on January 25, 1964, as Blue Ribbon Sports, by Bill Bowerman
and Phil Knight, and officially became Nike, Inc. on May 30, 1971….
Nike, Inc. is an American multinational corporation that is engaged in the design,
development, manufacturing and worldwide marketing and sales of footwear, apparel,
equipment, accessories and services. The company is headquartered near Beaverton,
Oregon, in the Portland metropolitan area. It is one of the world's largest suppliers of
athletic shoes and apparel.
In 1966, BRS opened its first retail store, located at 3107 Pico
Boulevard in Santa Monica, California next to a beauty salon, so its
employees no longer needed to sell inventory from the back of
their cars. In 1967, due to rapidly increasing sales, BRS expanded
retail and distribution operations on the East Coast, in Wellesley,
Massachusetts…Throughout the 1980s, Nike expanded its product
line to encompass many sports and regions throughout the world.
In 1990, Nike moved into its eight-building World Headquarters
campus in Beaverton, Oregon.
Phil Knight announced in mid-2015 that he is planning to step
down as chairman of Nike in 2016.
The company takes its name from Nike, the Greek goddess of victory. Nike markets its
products under its own brand, as well as Nike Golf, Nike Pro, Nike+, Air Jordan, Nike
Blazers, Air Force 1, Nike Dunk, Air Max, Foamposite, Nike Skateboarding, and
subsidiaries including Brand Jordan, Hurley International and Converse. Nike also owned
Bauer Hockey (later renamed Nike Bauer) between 1995 and 2008, and previously owned
Cole Haan and Umbro. In addition to manufacturing sportswear and equipment, the
company operates retail stores under the Niketown name. Nike sponsors many high-
profile athletes and sports teams around the world, with the highly recognized
trademarks of "Just Do It" and the Swoosh logo…
CASH AND EQUIVALENTS:
Cash and equivalents represents cash and short term,
Highly liquid investments of three months or less at
Date of purchase.
Inventories are stated at lower of cost or market and
valued on a first-in and first-out (FIFO) or moving
average cost basis
PROPERTY,PLANTS,& EQUIPMENT & DEPRECIATION
Property, plants and equipment are recorded at cost.
Depreciation for financial reporting purposes is
determined on a straight-line basis..
Nike has also sponsored many other successful track and field athletes over
the years, such as Carl Lewis, Jackie Joyner-Kersee and Sebastian Coe. The
signing of basketball player Michael Jordan in 1984, with his subsequent
promotion of Nike over the course of his career, with Spike Lee as Mars
Blackmon, proved to be one of the biggest boosts to Nike's publicity and
Nike has been the official kit sponsor for the Indian cricket team since 2005.
Nike also sponsored association football players such as Ronaldinho,
Ronaldo, Cristiano Ronaldo, Didier Drogba, Neymar, Zlatan Ibrahimović,
Thierry Henry, Wayne Rooney, Francesco Totti, Andrés Iniesta and Landon
Donovan among others.
Nike, Inc Management:
AT Nike we, we excel as a team. The Nike environment is a collaborative, matrix
organization, where team members often report into two areas, such as a geography
and a global function. In the Nike brand, teams work across footwear, apparel and
equipment product engines; our core consumer categories - action sports, basketball,
football (soccer), men's training, running, sportswear, and women's training; and in our
six geographies - North America, Western Europe, Eastern/Central Europe, Greater
China, Japan, and Emerging Markets. Our NIKE, Inc. affiliate brands operate in a
similarly collaborative way, as well as critical corporate functions.
Below are select members of Nike's global senior team that lead our business and
PHILIP H. KNIGHT
Mr. Knight, a director since 1968, is Chairman of the Board of Directors of NIKE. Mr.
Knight is a co-founder of the Company and, except for the period from June 1983
through September 1984, served as its President from 1968 to 1990, and from June
2000 to 2004. Prior to 1968, Mr. Knight was a certified public accountant with Price
Waterhouse and Coopers & Lybrand and was an Assistant Professor of Business
Administration at Portland State University. Mr. Knight led NIKE from a small
partnership founded on a handshake to the world’s largest footwear, apparel, and