NIKE - NIKE, Inc. and its subsidiaries engage in the...

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NIKE, Inc. and its subsidiaries engage in the design, development, and marketing of footwear, apparel, equipment, and accessory products worldwide. It designs athletic footwear for running, cross training, basketball, soccer, sport inspired urban shoes, and children’s shoes. The company also offers shoes and sports apparel for tennis, golf, baseball, football, bicycling, volleyball, wrestling, cheerleading, aquatic activities, hiking, outdoor activities, and other athletic and recreational uses primarily under the ‘NIKE’ brand name. In addition, it sells sports inspired lifestyle apparel, as well as athletic bags and accessory items. Further, NIKE sells a line of performance equipment, including golf clubs, sport balls, eyewear, timepieces, electronic media devices, skates, bats, gloves, swimwear, cycling apparel, children’s clothing, school supplies, and eyewear. Additionally, the company sells a line of dress and casual footwear, apparel and accessories for men and women. As of May 31, 2005, it operated 184 stores in the United States and 190 stores internationally. The company sells its products to retail accounts, through its owned retail stores, and through a mix of independent distributors and licensees. NIKE was co-founded by Philip H. Knight. The company was incorporated in 1968 and is headquartered in Beaverton, Oregon. Full time employees: 26,000. Timeline 1962 Phil Knight drafts a thesis paper at Stanford University in which he asserts that low-priced athletic shoes made in Japan could compete with more expensive footwear made in Germany . After earning his MBA, Knight travels to Japan, where he meets with executives from Onitsuka Tiger and persuades them to make Knight's company, Blue Ribbon Sports , the distributor of Tiger brand footwear for the western United States. 1964 Knight sends samples of Tiger footwear to legendary University of Oregon track coach Bill Bowerman , for whom Knight ran middle distances while an undergraduate. Bowerman suggests that he and Knight become partners, with Bowerman to provide endorsement clout as well as footwear design ideas. The two shake hands and each pledge $500 to start the new venture. 1965 Jeff Johnson, a former track rival of Knight's, joins as the company's first full-time salesman. He sells shoes out of the back of his van to high schoolers at track meets. 1966 Johnson opens the company's first retail outlet in Santa Monica, California . Knight and Bowerman convert their handshake agreement into a formal, written agreement.
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1967 Knight and Bowerman incorporate Blue Ribbon Sports, creating BRS, Inc. 1969 With annual sales approaching $300,000, Knight resigns as a professor at Portland State University to devote himself full-time to BRS, Inc. 1970 Bowerman experiments with rubber spikes, pouring a liquid rubber
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NIKE - NIKE, Inc. and its subsidiaries engage in the...

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