Nike Inc
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July 1, 2020
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Nike Inc

Revenue:
USD 39,117 million (2019)
Profit:
USD 4,029 million (2019)
Employees:
76,700 (2019)
GICS Industry Group:
Headquarters:
Beaverton, Oregon, United States
Founded:
25 January 1964
Current CEO:
John Donahoe (13 Jan 2020-)
Parent:
This is the ultimate parent

Description

Nike Inc is a global sports brand that designs, develops, and manufactures footwear, apparel, equipment, accessories, and services.

The company was founded in Beaverton, Oregon, United States on 25 January 1964. At that time it was known as Blue Ribbon Sports, as blue ribbons were handed out to winners of track and field events. The company initially operated as a distributor for Japanese shoemaker Onitsuka Tiger, with Phil Knight selling the shoes from the back of his car at track meets, until Bill Bowerman came up with the waffle press shoe (literally using a waffle maker to create the base of the shoe).

The iconic Nike Swoosh (designed by Carolyn Davidson) was first used by Nike on 18 June 1971, and was registered with the U.S. Patent and Trademark Office on 22 January 1974.

One of Nike's greatest strategic moves was to sponsor high-profile athletes such as Michael Jordan, which has made some of the company's products extremely expensive and highly sought after collectors items.

Nike is traded on the New York Stock Exchange (NYSE) under the code NKE.

In United States Dollars (USD)
In United States Dollars (USD)
In United States Dollars (USD)

Operating Segments:

Footwear - Nike manufactures and sells footwear based on how it is used. Nike's footwear is designed for a range of uses including lifestyle, running, football, basketball, gym and training, skateboarding, tennis, golf, and sandals and slides. The company is supplied by 112 footwear factories located in 12 countries. The largest single footwear factory accounted for approximately 9% of total fiscal 2019 NIKE Brand footwear production. For the year ending 31 May 2019, the footwear segment accounted for 61.92% (USD 24,222 million) of total revenue.

Apparel - Nike apparel includes products such as compression and base layers, tops, kits and jerseys, sweatshirts, trousers and tights, tracksuits, shorts, and more. The company is supplied by 334 apparel factories located in 36 countries. The largest single apparel factory accounted for approximately 14% of total fiscal 2019 NIKE Brand apparel production. For the year ending 31 May 2019, the apparel segment accounted for 29.53% (USD 11,550 million) of total revenue.

Converse - Converse is a subsidiary of Nike that is headquartered in Boston, Massachusetts. Converse designs, distributes and licenses casual sneakers, apparel and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell trademarks. For the year ending 31 May 2019, Converse accounted for 4.87% (USD 1,906 million) of total revenue.

Equipment - Equipment includes bags & backpacks, and socks and underwear. For the year ending 31 May 2019, the equipment segment accounted for 3.59% (USD 1,404 million) of total revenue.

Global brand divisions - The global brand divisions revenues are attributable to NIKE Brand licensing businesses. For the year ending 31 May 2019, the global brand divisions segment accounted for 0.11% (USD 42 million) of total revenue.

Note: For the year end 31 May 2019, corporate accounted for -0.02% of total revenue.

Mergers and Acquisitions:

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