Written by Tadashi
Modified & Updated: 21 Sep 2024
Reviewed by Sherman Smith
Who doesn’t know Nike? It is only one of the biggest and most famous shoe companies in the world. So famous that people would recognize the brand even with logo seen from a distance. Learn more about this corporate giant with these 50 facts about Nike.
- Nike makes around $37 billion per year.
- An estimated 77,000 people work for Nike around the world.
- The company has an estimated 700 shops around the world.
- With an estimated value of $32 billion, Nike is the world’s most valuable sports company.
- Nike currently holds the 89th spot on the Fortune 500 list of companies.
- On its founding in 1964, the company is originally called Blue Ribbon Sports.
- Phil Knight and Bill Bowerman founded the company in Eugene City, Oregon, USA.
- In its first year alone, the company sold 1,300 shoes, made by its Japanese partner, Onitsuka Tiger.
- The company opened its first retail store in 1966, in Santa Monica in California.
- The company later renamed itself Nike in 1971, after their partnership with Onitsuka Tiger ended.
- Nike gained 50% of the US shoe market by 1980.
- The company first used its famous slogan of “Just Do It” in 1988.
- The company opened its World Headquarters in 1990.
- Phil Knight retired from Nike’s leadership in 2015.
- In 2019, the company stopped selling its products on Amazon.
- Nike owns only a single subsidiary company, Converse Inc.
- The company has a place in the Dow Jones Industrial Average.
- It also has 45 different offices around the world.
- Nike is a part of American youth culture since the 1980s.
- The 2010s have seen a boost in Nike sales out of nostalgia for the 1990s.
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