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The company takes its name from Nike, the Greek goddess of victory. Yoko Ono later gave permission to Nike to use John Lennon's "Instant Karma" in another advertisement. [123] These criticisms stated that the shoes provided athletes with an unfair advantage over their opponents and some critics considered it to be a form of mechanical doping. There was no support and they were too tight. Philip H. Knight – Chairman Emeritus [30], In October 2019, John Donahoe was announced as the next CEO, and succeeded Parker on January 13, 2020. Its profits were not declared in Europe and came to light only because of a mostly unrelated case in US Tax Court, where papers filed by Nike briefly mention royalties in 2010, 2011 and 2012 totaling $3.86 billion. At Nike World Headquarters, breakthrough products are designed and developed for the world’s athletes*. In June 2018, Nike announced it would initiate a $15 billion share buyback over four years, to begin in 2019 upon completion of the previous buyback program. [77] [122] Prior to these new guidelines World Athletics reviewed the Vaporfly shoes and "concluded that there is independent research that indicates that the new technology incorporated in the soles of road and spiked shoes may provide a performance advantage" and that it recommends further research to "establish the true impact of [the Vaporfly] technology. Their first products were track running shoes. [148][149], in the early 1990s Nike made a strong push into the association football business making endorsement deals with famous and charismatic players such as Romario, Eric Cantona or Edgar Davids. [56], The Nike Vaporfly first came out in 2017 and their popularity, along with its performance, prompted a new series of running shoes. There are 75 buildings spread across nearly 300 acres. [8] Nike markets its products under its own brand, as well as Nike Golf, Nike Pro, Nike+, Air Jordan, Nike Blazers, Air Force 1, Nike Dunk, Air Max, Foamposite, Nike Skateboarding, Nike CR7,[9] and subsidiaries including Brand Jordan, and Converse. [87], On July 23, 2019 a pair of Nike Inc. running shoes sold for $437,500 at a Sotheby's auction. We also cannot fulfill requests to interview Nike executives or receive advertising, print ads or images. Nike shares (NKE) rose 0.6 percent to $78.75 in extended trading.[44]. People don't believe me. [152] Since the start of the 2015–16 season, Adidas has manufactured Manchester United's kit as part of a world-record 10-year deal worth a minimum of £750 million. As of 2020, it employed more than 75,400 people worldwide. Under that bill's terms, Beaverton is specifically barred from forcibly annexing the land that Nike and Columbia Sportswear occupy in Washington County for 35 years, while Electro Scientific Industries and Tektronixre… Communications concerning shareholder address changes, stock transfers, changes of ownership, lost stock certificates, payment of dividends, dividend check replacements, duplicate mailings or other account services should be directed to the Company's Registrar and Stock Transfer Agent at the address or telephone number above. Really huge. [58] At the time of this writing Nike had just released its newest product from the Vaporfly line, the Nike ZoomX Vaporfly NEXT%, which was marketed as "the fastest shoe we’ve ever made" using Nike's "two most innovative technologies, Nike ZoomX foam and VaporWeave material". Michael Spillane – President of Categories and Product Fancy a good night's sleep after a tiring day? [54] The Air Zoom Vomero running shoe, introduced in 2006 and currently in its 11th generation, featured a combination of groundbreaking innovations including a full-length air cushioned sole,[55] an external heel counter, a crashpad in the heel for shock absorption, and Fit Frame technology for a stable fit. In 2012, Nike carried a commercial partnership with the Asian Football Confederation. Hilary Krane – EVP, Chief Administrative Officer & General Counsel Nike co-founder Bill Bowerman added it to note that "if you have a body, you are an athlete." "[122], In 2007, New England-based environmental organization Clean Air-Cool Planet ranked Nike among the top three companies (out of 56) in a survey of climate-friendly companies. For other uses of the name "Nike", see, Nike World Headquarters in Beaverton, Oregon, This list includes companies that produce sports equipment. According to Davis, "I told Tom Brokaw that I was the first. The city attempted to forcibly annex Nike's headquarters, which led to a lawsuit by Nike, and lobbying by the company that ultimately ended in Oregon Senate Bill 887 of 2005. Prefontaine was the prized pupil of the company's co-founder, Bill Bowerman, while he coached at the University of Oregon. According to Robinson, Kaepernick signed a "star" contract that puts him level with a "top-end NFL player" worth millions per year plus royalties. Nike factory tours currently does not offer public. Inside Bo Jackson Fitness Center, one of the three state-of-the-art gyms on campus, employees can sign up for lunchtime leagues. [11] The company 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. Nike delivers innovative products, experiences and services to inspire athletes. Nike Brand and NIKE, Inc. [46], For the fiscal year 2018, Nike reported earnings of US$1.933 billion, with an annual revenue of US$36.397 billion, an increase of 6.0% over the previous fiscal cycle. Students interested in reading our annual report can find it online, along with other financial and company information, by visting the Investors section of this website. Although Nike took action to curb or at least reduce the practice, they continue to contract their production to companies that operate in areas where inadequate regulation and monitoring make it hard to ensure that child labor is not being used.[97]. [158][159] On February 21, 2013, Nike announced it suspended its contract with South African limbless athlete Oscar Pistorius, due to his being charged with premeditated murder.

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