140 likes | 296 Views
By: Holly Moye April 11 th , 2012. By: Holly Moye. History. Founded in 1964 as Blue Ribbon Sports by track athlete Philip Knight and his coach Bill Bowerman (Beaverton, Oregon)
E N D
By: Holly Moye April 11th, 2012 By: Holly Moye
History • Founded in 1964 as Blue Ribbon Sports by track athlete Philip Knight and his coach Bill Bowerman (Beaverton, Oregon) • The company started as a distributor for a Japanese shoe maker, making most sales at track meets out of Knight’s automobile • Officially became Nike, Inc. on May 30, 1978 • Revenue increased to $6.74 billion by the late 70’s . In 2000 sales reached $12 billion.
First Nike Shoe • First Nike shoe Bowermanmade for Knight. • Made by his wife’s waffle iron • The Nike swoosh first used by Nike in June 1971.
Nike Today • Developed a philosophy that is accepted in the lives of athletes and non athletes to find motivation and achieve success. • A global marketer • In 2008 Nike was ranked as the Most Admired Company in America behind Apple.
Michael Jordan • Put Nike on the map • 1984-1985 first decrease in earnings for first time ever • Influenced Nike to make their first speciality • Michael Jordan and Nike have generated billions in revenue
nNike Goes Global • 700 shops around the world • Offices located in 45 different countries
SSponsorship • Pays top athletes in many sports to use and promote their products. • http://youtu.be/d0btw8IZal0
Stock • $107.65 as of 5:55pm April 10,2012 • NKE trades on the NYSE