[9] 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,[10] and subsidiaries including Jordan Brand and Converse. Nike produces a wide range of sports equipment. In 1982, Nike aired its first three national television ads, created by newly formed ad agency Wieden+Kennedy (W+K), during the broadcast of the New York Marathon. Nike Blue Ribbon Sports Track Running Water Repel Jacket BV0191 492 Sz M Tall. Please note Sundays and Holidays delay shipments, as well as, the pandemic could delay delivery. It officially became Nike Inc. in 1971. Nike also owned Bauer Hockey (later renamed Nike Bauer) from 1995 to 2008, and previously owned Cole Haan, Umbro, and Hurley International. [146], Nike is a major sponsor of the athletic programs at Penn State University and named its first child care facility after Joe Paterno when it opened in 1990 at the company's headquarters. [142] Unlike previous deals, Nike's logo appear on NBA jerseys – a first for the league. [12] 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. The buyer was Miles Nadal, a Canadian investor and car collector, who had just paid $850,000 for a group of 99 rare of limited collection pairs of sport shoes. Nike's shares traded at over $72 per share, and its market capitalization was valued at over US$114.5 billion in October 2018. [35] The company sold Umbro in 2012 [41] and Cole Haan in 2013. In fact, I didn't like the way they felt on my feet. Also, the sales of personal training apps grew by 80% in China.[48]. [142] The brand took over for Adidas, who provided the uniforms for the league since 2006. [95] The company has been subject to much critical coverage of the often poor working conditions and exploitation of cheap overseas labor employed in the free trade zones where their goods are typically manufactured. $99.99. In addition to inhalation, dermal exposure was the biggest problem found. [87], On July 23, 2019 a pair of Nike Inc. running shoes sold for $437,500 at a Sotheby's auction. At the same time, the company's online sales grew by 36% during Q1 of 2020. People don't believe me. [citation needed] It was agency co-founder Dan Wieden who coined the now-famous slogan "Just Do It" for a 1988 Nike ad campaign,[21] which was chosen by Advertising Age as one of the top five ad slogans of the 20th century and enshrined in the Smithsonian Institution. For other uses of the name "Nike", see, This list includes companies that produce sports equipment. [56], The Nike Vaporfly first came out in 2017 and their popularity, along with its performance, prompted a new series of running shoes. In the late 1967, Nike’s first employee, Jeff Johnson opened the first ever Nike retail space: Blue Ribbon Sports (Nike’s original name) at 3107 Pico Blvd in Santa Monica, CA. Campaigns have been taken up by many colleges and universities, especially anti-globalisation groups, as well as several anti-sweatshop groups such as the United Students Against Sweatshops. Prefontaine was the prized pupil of the company's co-founder, Bill Bowerman, while he coached at the University of Oregon. $69.99. Nike shares (NKE) rose 0.6 percent to $78.75 in extended trading.[44]. Liven up your run with graphics that nod to the history of Blue Ribbon Sports. October 15, 2000", More than ten thousand workers stage strike at massive Dongguan shoe factory, Yue Yuen shoe factory workers' strike at Dongguan plants continues, Yue Yuen strikers vow to continue until benefit contribution deficit paid in full, 'Paradise papers' expose tax evasion schemes of the global elite, "Offshore Trove Exposes Trump-Russia Links And Piggy Banks Of The Wealthiest 1 Percent", International Consortium of Investigative Journalists, "How NikeStays One Step Ahead of the Regulators: When One Tax Loophole Closes, Another Opens", "Nike Falls as Critics Fume on Social Media Over Kaepernick Deal", "Colin Kaepernick Named Face of Nike's 30th Anniversary of 'Just Do It' Campaign", "People Are Already Burning Their Nikes in Response to the Colin Kaepernick Ad", "People are destroying their Nike shoes and socks to protest Nike's Colin Kaepernick ad campaign", "The National Black Police Association Is In Full Support Of Nike's Colin Kaepernick Ad", "LeBron 'Stands with Nike' in Support of Colin Kaepernick's Campaign", "Serena Williams supports Nike's decision to endorse Colin Kaepernick", "College of the Ozarks drops Nike, will 'choose country over company, "Nike Orders Rose in Four-Day Period After Kaepernick Ad Debut", "Nike hit by conservative backlash over 'racist trainer, "Nike Nixes 'Betsy Ross Flag' Shoe After Kaepernick Intervenes", "Nike pulls Fourth of July trainers after Colin Kaepernick 'raises concerns, "Nike 'pulls Betsy Ross flag trainer after Kaepernick complaint, "Nike Pulls 'Betsy Ross Flag' Sneakers After Kaepernick Complaint", "Nike fans the flames of the culture war", "Pence backs Hong Kong protests in China speech, slams NBA and Nike", "World Athletics modifies rules governing competition shoes for elite athletes", "Nike's Vaporfly shoes changed running, and the track and field world is still sifting through the fallout", "Health Survey of Workers Exposed to Mixed Solvent and Ergonomic Hazards in Footwear and Equipment Factory Workers in Thailand", "W+K Finds Its First Ads Ever, for Nike, on Dusty Old Tapes", "Nike's Knight Is Advertiser of the Year", "The Media Business – Advertising – Addenda – Nike Spot Wins An Emmy Award", "A Nike Poster Upsets Fans of the Punk Rock Band Minor Threat in a Major Way", "Nike courts controversy, publicity with drug-themed skater shirts", "Nike Inc. (NYSE:NKE) Facing Slogan Backlash", "The Hornets will be the only NBA team to have jerseys licensed by Jumpman", "Fire on the Track - The Steve Prefontaine Story - Part 1", "23 years later, Air Jordans maintain mystique", "Joe Paterno's Name Removed From Child Development Center at Nike Headquarters", "Jogadores de Futebol Patrocinados pela Nike", "Nike offers further backing for Asian soccer", "Premier League: Sportswear giants Nike to end Manchester United sponsorship", "Manchester United sign record 10-year kit deal with Adidas worth £750m", "LFC announces multi-year partnership with Nike as official kit supplier from 2020-21", https://news.nike.com/news/the-history-of-nike-tennis, "Nike welcomes Tiger Woods back to the Masters with ad featuring his greatest hits", "Rory McIlroy, Nike and the $250m, 10-year sponsorship deal", "Sources: NBA, Nike have near-$1B apparel deal", "Nike Zoom Kobe 4 Protro 'White/Del Sol' POP Returns May 24 On SNKRS", "Vince Carter Nike Shox BB4 Raptors PE | SneakerNews.com", "The story behind Paul George's signature sneaker", "Nike stocks fall after basketball prodigy touted as the 'next LeBron James' blows out his sneaker", "Oregon Ducks add orange to their Nike uniform repertoire for Colorado game", "The Big Ten and Pac-12 postponed the college football season. 52 likes. We have been offering high quality ski and snowboard rental packages for over 30 years. The Blue Ribbon Sports Track Club takes inspiration from Nike's original name in 1964. [91] Most of the factories are located in Asia, including Indonesia, China, Taiwan, India,[92] Thailand, Vietnam, Pakistan, Philippines, and Malaysia. In April 2014, one of the biggest strikes in mainland China took place at the Yue Yuen Industrial Holdings Dongguan shoe factory, producing amongst others for Nike. [164][165][166][167][168], A news report originating from CNN reported that Nike spent $11.5 billion, nearly a third of its sales, on marketing and endorsement contracts in the year 2018. 2. They currently also make shoes, jerseys, shorts, cleats, baselayers, etc. The deal required all franchise team members to wear jerseys and shorts with the Swoosh logo, beginning with the 2017/18 season. However, due to harsh criticism from some organizations like CorpWatch, Nike has disclosed information about its contract factories in its Corporate Governance Report. Nike recently teamed up with Apple Inc. to produce the Nike+ product that monitors a runner's performance via a radio device in the shoe that links to the iPod nano. Sources for this criticism include Naomi Klein's book No Logo and Michael Moore documentaries. Vietnam Labor Watch, an activist group, has documented that factories contracted by Nike have violated minimum wage and overtime laws in Vietnam as late as 1996, although Nike claims that this practice has been stopped. According to Davis, "I told Tom Brokaw that I was the first. [137] Capitol-EMI countered by saying the lawsuit was "groundless" because Capitol had licensed the use of "Revolution" with the "active support and encouragement of Yoko Ono, a shareholder and director of Apple Records.". [106] Under an arrangement with Dutch authorities, the tax break was to expire in 2014, so another reorganization transferred the intellectual property from the Bermudan company to a Dutch commanditaire vennootschap or limited partnership, Nike Innovate CV. [143], Nike sponsors top athletes in many sports to use their products and promote and advertise their technology and design. [100][101][102], On November 5, 2017, the Paradise Papers, a set of confidential electronic documents relating to offshore investment, revealed that Nike is among the corporations that used offshore companies to avoid taxes. [97], During the 1990s, Nike faced criticism for the use of child labor in Cambodia and Pakistan in factories it contracted to manufacture soccer balls. The Blue Ribbon Sports Track Club takes inspiration from Nike's original name in 1964. Call (502) 348-2164. [156], Nike has sponsored Tiger Woods for much of his career, and remained on his side amid the controversies that shaped the golfer's career. According to Robinson, Kaepernick signed a "star" contract that puts him level with a "top-end NFL player" worth millions per year plus royalties. They stated that the people who designed it were skateboarders and Minor Threat fans themselves who created the advertisement out of respect and appreciation for the band. On the inner side sole, there is a ‘Verified With Medals and Records’ under a ‘Measured in The Lab’ note. [citation needed] By 1965, sales had reached $20,000. Prior to Nike being the innovative and popular sportswear giant that we’ve come to know and love today, they were once known as Blue Ribbon Sports when the brand was in its formative stages. Nike promotes its products through sponsorship agreements with celebrity athletes, professional teams and college athletic teams. Returning Customer Login. Preschool gymnastics classes for children 1-5 years at Blue Ribbon Sports, Bardstown, Kentucky. [163] Some have had signature shoes designed for them, including Kobe Bryant, Jason Kidd, Vince Carter and more recently LeBron James, Kevin Durant and Paul George, among others. This transfer allowed the subsidiary to charge royalties to its European headquarters in Hilversum, Netherlands, effectively converting taxable company profits to an account payable in tax-free Bermuda. [49] In 2008, Nike introduced the Air Jordan XX3, a high-performance basketball shoe designed with the environment in mind. The purchase price was the highest for one pair of sneakers, the previous record being $190,373 in 2017 for a pair of signed Converse shoes in California, said to have been worn by Michael Jordan during the 1984 basketball final of the Olympics that year. Ditching the all-over sketch logos displayed on the aforementioned Vaporfly, this latest variation instead opts for a printed collage of retro Blue Ribbon Sports logos stamped towards the heel. [31], In October 2019, John Donahoe was announced as the next CEO, and succeeded Parker on January 13, 2020. NIKE BLUE RIBBON SPORTS BRS ELEMENT Mens Half Zip Running Top Pullover CU3423 S. $66.49. [57][58] The Vaporfly series has a new technological composition that has revolutionized long-distance running since studies have shown that these shoes can improve run times up to 4.2%. [122], On January 31, 2020, the World Athletics issued new guidelines concerning shoes to be used in the upcoming Tokyo 2020 Olympics. The slogan was an extremely accurate way to describe the situation LeBron was heading into in the NBA he was expected to be the new king of the NBA. Nike claims this is the first performance basketball shoe that has been created from manufacturing waste, but it only produced 5,000 pairs for sale. [142] The only exception is the Charlotte Hornets, owned by longtime Nike endorser Michael Jordan, which instead uses the Jumpman logo associated with Jordan-related merchandise. Their first products were track running shoes. The average salary at Yue Yuen is 3000 yuan per month. [85], In March 2017, Nike announced its launch of a plus-size clothing line, which will feature new sizes 1X through 3X on more than 200 products. Nike discontinued airing ads featuring "Revolution" in March 1988. [116], In July 2019, Nike released a shoe featuring a Betsy Ross flag called the Air Max 1 Quick Strike Fourth of July trainers. After the Freeh Report was released on July 12, 2012, Nike CEO Mark Parker announced the name Joe Paterno would be removed immediately from the child development center. Fox Foundation. 89 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[8]. [27], Phil Knight announced in mid-2015 that he would step down as chairman of Nike in 2016. Before Nike was Nike, it was Blue Ribbon Sports, founded in 1964 on a handshake between Bill Bowerman and Phil Knight. [22] Walt Stack was featured in Nike's first "Just Do It" advertisement, which debuted on July 1, 1988. [114], During the following week, Nike's stock price fell 2.2%, even as online orders of Nike products rose 27% compared with the previous year. In 2012, Nike carried a commercial partnership with the Asian Football Confederation. Colour Shown: Blue Void/Track Red/White/White They continued the growth in the sport by signing more top players including: Ronaldo, Ronaldinho, Francesco Totti, Thierry Henry, Didier Drogba, Andrés Iniesta, Wayne Rooney and still have many of the sport's biggest stars under their name, with Cristiano Ronaldo, Zlatan Ibrahimović, Neymar, Harry Kane, Eden Hazard and Kylian Mbappé among others.[151]. [130], In 2008 a project through the University of North Carolina at Chapel Hill found workers were exposed to toxic isocyanates and other chemicals in footwear factories in Thailand. The College of the Ozarks removed Nike from all their athletic uniforms in response. [135] The second was for a 2002 spot called "Move," which featured a series of famous and everyday athletes in a variety of athletic pursuits. [127] Nike has also been praised for its Nike Grind program, which closes the product lifecycle, by groups such as Climate Counts. 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