About the Company
An American multinational company, Nike engages in the design, manufacturing, development, global marketing and sales of equipment, shoes, apparel, accessories and services. With its headquarters near Beaverton, Oregon, it is the world’s largest supplier of shoes and apparel. The company was founded in 1964 and was originally named as “Blue Ribbon Sports,” by Bill Bowerman and Phil Knight. The company was officially named Nike Inc. on May 30, 1971. It markets its company under its own brand name. The company owns brands including, Nike Pro, Nike Golf, Air Jordan, Nike +, Air Force 1, Nike Blazers, Nike Skateboarding, Nike Dunk and Nike CR7. The company owns subsidiaries including Converse and Jordan. 60% of the company’s sales is generated from outside of the United States. There are around 1,090 stores of the company globally.
Nike focuses on its six key categories; these include Nike basketball, running, football (Soccer), Jordan brand, sportswear and training. About 60% of company sales are generated by the Jordan brand and other collections. Nike apparels account for 30% of the company’s sales. Another 5% comes from sale of other equipment. The company operates on a 400 acre land with 40 buildings in Beaverton, Oregon. The regional headquarters of the company is in Shanghai, China and Hilversum, Netherlands. The company also has subsidiaries and branch offices in more than 50 countries across the globe. In the United States, the company is linked with 6 significant distributors, which includes 4 in Memphis, Tennessee, 1 in Indianapolis, Indiana and 1 in Dayton, Tennessee. Significant distributors of the company are located in Japan, Korea, China, Belgium and Laakdal.
Nike has acquired several apparel and footwear companies over the course of history. Cole Haan was a company acquired by Nike in 1988. This company was Nike Inc. first acquisition. The company in 1994 acquired Bauer Hockey. In 2002, the surf apparel company, Hurley International, was acquired by Nike from founder Bob Hurley. One of Nike’s major subsidiaries, Converse was acquired in 2003, for $309 million. In 2004 the company acquired Starter and Umbro in 2007. However, all of the acquired companies were sold by the company, and they kept only one subsidiary, Converse Inc.
The company ranked 13 in the Forbes’ list of World’s Best Employers 2020 and World’s Most Valuable Brands 2020. Nike shares trade on the New York Stock Exchange under the ticker symbol “NKE.”;
|Industry||Footwear & Accessories|