62 Facts About Nike Inc

Nike Inc is headquartered near Beaverton, Oregon, in the Portland metropolitan area.

Nike Inc ranked 89th in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

Nike Inc takes its name from Nike, the Greek goddess of victory.

Nike Inc owned Bauer Hockey from 1995 to 2008, and previously owned Cole Haan, Umbro, and Hurley International.

Nike Inc, originally known as Blue Ribbon Sports, was founded by University of Oregon track athlete Phil Knight and his coach, Bill Bowerman, on January 25, 1964.

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Nike Inc initially operated in Eugene, Oregon as a distributor for Japanese shoe maker Onitsuka Tiger, making most sales at track meets out of Knight's automobile.

The following year, the agency created the first "brand ad" for Nike Inc, called "There is no finish line", in which no Nike Inc product was shown.

In 1990, Nike Inc moved into its eight-building World Headquarters campus in Beaverton, Oregon.

Nike Inc officially stepped down from all duties with the company on June 30, 2016.

On June 24, 2021, during an earnings call with investors, CEO John Donahoe stated that "Nike Inc is a brand that is of China and for China", in response to a question about competing against Chinese brands.

Nike Inc has acquired and sold several apparel and footwear companies over the course of its history.

In 2002, Nike Inc bought surf apparel company Hurley International from founder Bob Hurley.

Nike Inc acquired Starter in 2004 and soccer uniform maker Umbro in 2007.

Nike Inc acquired Zodiac, a consumer data analytics company, in March 2018.

In December 2021, Nike Inc purchased RTFKT Studios, a virtual shoe company that makes NFTs.

In February 2021, Nike Inc acquired Datalogue, a New York based company focused on digital sales and machine learning technology.

Nike Inc was made a member of the Dow Jones Industrial Average in 2013, when it replaced Alcoa.

In November 2015, Nike Inc announced it would initiate a $12 billion share buyback, as well as a two-for-one stock split, with shares to begin trading at the decreased price on December 24.

In June 2018, Nike Inc announced it would initiate a $15 billion share buyback over four years, to begin in 2019 upon completion of the previous buyback program.

Nike Inc's shares traded at over $72 per share, and its market capitalization was valued at over US$114.

Nike Inc produces a wide range of sports equipment and apparel.

In 2008, Nike Inc introduced the Air Jordan XX3, a high-performance basketball shoe designed with the environment in mind.

Nike Inc sells shoes for activities such as skateboarding, baseball, cycling, volleyball, wrestling, cheerleading, lacrosse, cricket, aquatic activities, auto racing, and other athletic and recreational uses.

Nike recently teamed up with Apple Inc to produce the Nike+ product that monitors a runner's performance via a radio device in the shoe that links to the iPod nano.

In March 2017, Nike Inc announced its launch of a plus-size clothing line, which will feature new sizes 1X through 3X on more than 200 products.

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On July 23, 2019, a pair of Nike Inc running shoes sold for $437, 500 at a Sotheby's auction.

Nike Inc has contracted with more than 700 shops around the world and has offices located in 45 countries outside the United States.

Nike Inc is hesitant to disclose information about the contract companies it works with.

However, due to harsh criticism from some organizations like CorpWatch, Nike Inc has disclosed information about its contract factories in its Corporate Governance Report.

Nike Inc has been criticized for contracting with factories in countries such as China, Vietnam, Indonesia and Mexico.

Vietnam Labor Watch, an activist group, has documented that factories contracted by Nike Inc have violated minimum wage and overtime laws in Vietnam as late as 1996, although Nike Inc claims that this practice has been stopped.

Nike Inc has been subject to much critical coverage of the often poor working conditions and exploitation of cheap overseas labor employed in the free trade zones where their goods are typically manufactured.

On November 5, 2017, the Paradise Papers, a set of confidential electronic documents relating to offshore investment, revealed that Nike Inc is among the corporations that used offshore companies to avoid taxes.

Appleby documents detail how Nike Inc boosted its after-tax profits by, among other maneuvers, transferring ownership of its Swoosh trademark to a Bermudan subsidiary, Nike Inc International Ltd.

In September 2018, Nike Inc announced it had signed former American football quarterback Colin Kaepernick, noted for his controversial decision to kneel during the playing of the US national anthem, to a long-term advertising campaign.

In July 2019, Nike Inc released a shoe featuring a Betsy Ross flag called the Air Max 1 Quick Strike Fourth of July trainers.

Nike Inc's decision was praised by others due to the use of the flag by white nationalists, but the Anti-Defamation League's Center on Extremism has declined to add the flag to its database of "hate symbols.

Nike Inc claimed that after Houston Rockets general manager Daryl Morey was criticized by the Chinese government for his tweet supporting the 2019 Hong Kong protests, Nike removed Rockets merchandise from its stores in China.

Nike Inc stated that the brand "promotes itself as a so called social-justice champion, but when it comes to Hong Kong, it prefers checking its social conscience at the door.

Nike Inc filed a trademark lawsuit against MSCHF with the New York federal Court, in an effort to stop the distribution of the shoes.

Nike Inc has been praised for its Nike Inc Grind program, which closes the product lifecycle, by groups such as Climate Counts.

Campaign that Nike Inc began for Earth Day 2008 was a commercial that featured basketball star Steve Nash wearing Nike Inc's Trash Talk Shoe, which had been constructed in February 2008 from pieces of leather and synthetic leather waste from factory floors.

Nike Inc promotes its products through sponsorship agreements with celebrity athletes, professional teams and college athletic teams.

In 1982, Nike Inc aired its first three national television ads, created by newly formed ad agency Wieden+Kennedy, during the broadcast of the New York Marathon.

Nike Inc has earned the Emmy Award for best commercial in 2000 and 2002.

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Nike Inc was criticized for its use of the Beatles song "Revolution" in a 1987 commercial against the wishes of Apple Records, the Beatles' recording company.

Nike Inc was an early adopter of internet marketing, email management technologies, and using broadcast and narrowcast communication technologies to create multimedia marketing campaigns.

Unlike previous deals, Nike Inc's logo appear on NBA jerseys – a first for the league.

Nike Inc has only made one statue of its sponsored athletes and it is of Steve Prefontaine.

Nike Inc has sponsored many other successful track and field athletes over the years, such as Sebastian Coe, Carl Lewis, Jackie Joyner-Kersee, Michael Johnson and Allyson Felix.

Nike Inc is a major sponsor of the athletic programs at Penn State University and named its first child care facility after Joe Paterno when it opened in 1990 at the company's headquarters.

In 2012, Nike Inc carried a commercial partnership with the Asian Football Confederation.

Nike Inc has been the sponsor for many top ranked tennis players.

Nike Inc has sponsored Tiger Woods for much of his career, and remained on his side amid the controversies that shaped the golfer's career.

In January 2013, Nike Inc signed Rory McIlroy, the then No 1 golfer in the world to a 10-year sponsorship deal worth $250 million.

Nike Inc was the official kit sponsor for the Indian cricket team from 2005 to 2020.

On February 21, 2013, Nike Inc announced it suspended its contract with South African limbless athlete Oscar Pistorius, due to his being charged with premeditated murder.

Nike Inc consolidated its position in basketball in 2015 when it was announced that the company would sign an 8-year deal with the NBA, taking over from the league's previous uniform sponsor, Adidas.

Nike Inc maintains strong ties, both directly and through partnerships with Phil Knight, with the University of Oregon.

In 2012, Nike Inc is listed as a partner of the campaign together with other brands such as Girl, American Express, and Converse.

Nike Inc's goal is to raise and send funds, for education and medical assistance to those who live in areas heavily affected by AIDS.

Over 3, 900 employees from various Nike Inc stores have participated in teaching children to be active and healthy.