|Exchange:||New York Stock Exchange|
|Industry:||Footwear & Accessories|
|Nike, Inc., was incorporated in 1968 under the laws of the state of Oregon. The Company’s main business activity is the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is a seller of athletic footwear and athletic apparel in the world. It sells its products to retail accounts, through NIKE-owned retail including stores and internet sales, and through a mix of independent distributors and licensees, in over 190 countries around the world. Virtually all of its products are manufactured by independent contractors. Virtually all footwear and apparel products are produced outside the United States, while equipment products are produced both in the United States and abroad. NIKE’s athletic footwear products are designed mainly for specific athletic use, although a large percentage of the products are worn for casual or leisure purposes. It places considerable emphasis on high quality construction and innovation in products designed for men, women and children. Running, training, basketball, soccer, sport-inspired casual shoes, and kids’ shoes are currently its top-selling footwear categories and it expects them to continue to be in product sales in the near future. It also markets footwear designed for aquatic activities, baseball, cheerleading, football, golf, lacrosse, outdoor activities, skateboarding, tennis, volleyball, walking, wrestling, and other athletic and recreational uses. NIKE apparel and accessories are designed to complement its athletic footwear products, feature the same trademarks and are sold through the same marketing and distribution channels. It often markets footwear, apparel and accessories in ‘collections’ of similar design or for specific purposes. It also markets apparel with licensed college and professional team and league logos. The Company sells a line of performance equipment under the NIKE brand name, including bags, socks, sport balls, eyewear, timepieces, electronic devices, bats, gloves, protective equipment, golf clubs, and other equipment designed for sports activities. It also sells small amounts of various plastic products to other manufacturers through its wholly-owned subsidiary, NIKE IHM, Inc. The Company’s wholly-owned subsidiary, Cole Haan designs and distributes dress and casual footwear, apparel and accessories for men and women under the brand names Cole Haan® and Bragano®.The Company’s wholly-owned subsidiary, Converse Inc. designs, distributes, and licenses athletic and casual footwear, apparel and accessories under the Converse(r), Chuck Taylor(r), All Star(r), One Star(r), and Jack Purcell(r) trademarks. The Company’s wholly-owned subsidiary, Hurley International LLC designs and distributes a line of action sports apparel for surfing, skateboarding, and snowboarding, youth lifestyle apparel, and accessories under the Hurley(r) trademark. The Company’s wholly-owned subsidiary, Umbro Ltd. designs, distributes and licenses athletic and casual footwear, apparel and equipment, mainly for the sport of soccer, under the Umbro(r) trademarks. The athletic footwear, apparel and equipment industry is keenly competitive in the United States and on a worldwide basis. It faces competition with a number of athletic and leisure shoe companies, athletic and leisure apparel companies, sports equipment companies, and companies having diversified lines of athletic and leisure shoes, apparel and equipment, including Adidas, Puma, and others.|
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