Nike is a major American sportswear and equipment manufacturer founded in 1964. It generates over $18 billion in annual revenue and employs over 30,000 people worldwide. Nike designs and sells shoes, apparel, and sports equipment. Its main competitors are Adidas, New Balance, Converse, Puma, and Under Armour. Nike uses advertising focused on portraying sport values and collaboration with other brands. It employs a variety of pricing, product, promotion, and distribution strategies to market its performance and lifestyle footwear and equipment globally.