Nike is a U.S. based manufacturer of athletic shoes, apparel and sports equipment. Nike is well known for its swoosh brand as well as it's slogan Just Do It, both domestically and internationally. The company was founded in 1964, under the name of Blue Ribbon Sports, as an importer or Japanese running shoes.http://xroads.virginia.edu/~class/am483_97/projects/hincker/nikhist.html
The company changed it's name to Nike in 1978 and since then the Nike brand has gradually grow through acquisitions such as Cole Haan and Canstar Sports, a leading hockey equipment maker. In 1979 the Nike clothing line was launched gaining the company additional notoriety along with with it's endorsement of famous athletes such as Michael Jordan and Tiger Woods. Nike has been a publicly traded company on the NYSE since 1980. It's stock symbol is NKE.http://www.fundinguniverse.com/company-histories/NIKE-Inc-Company-History.html
Community Involvement
The Nike Foundation is the giving arm of Nike Corporation and focuses on a wide range of social issues impacting the economically disadvantaged. They hand out millions of dollars worth of equipment, educational scholarships and philanthropy annually.http://philanthropy.com/blogPost/Nike-Founder-Pledges/13727/ But at the heart of Nike are sports so most of their efforts revolve around athletics, exercise, fitness and recreation.
In the past Nike has come under fire for the conditions of their factories for the their laborers. In recent years they have made an effort to establish protocols and codes of conduct designed to improve the lives of workers.http://www.nikebiz.com/responsibility/workers_and_factories.html
Nike is also currently partnering with CERES in an effort to develop innovative climate and energy policy, and build sustainability. This is a five year plan which is slated for review and measurement in three years.http://www.nikebiz.com/responsibility/
Timeline
Key dates in Nike history:
- 1966: First Blue Ribbon Sports retail store opens
- 1971: "Swoosh" logo debuts on Nike soccer cleat
- 1978: Company renamed to Nike, Inc.
- 1980: Nike goes public
- 1982: First national TV ad campaign
- 1985: Michael Jordan endorses Nike
- 1986: Revenues break $1 billion
- 1990: First Niketown opens in Portland
- 1996: Tiger Woods endorses Nike
- 2003: LeBron James endorses Nike
- 2007: Buys Umbro
- 2009: Lobbies physical education regarding various business concerns
- 2010: Introduces NIKE SENCE, a new one of a kind adaptive traction technology featured in the new Nike Football Boothttp://www.nikebiz.com/?sitesrc=uslp
Nike Competitors
New Balancehttp://www.newbalance.com/