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Nike
Nike, Inc. is an American multinational corporation that is engaged in the design, development,
manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories,
and services.
Revenue: 37.4 billion USD
In addition to manufacturing sportswear and equipment, the company operates retail stores under
the Niketown name. Nike sponsors many high-profile athletes and sports teams around the world,
with the highly recognized trademarks of "Just Do It" and the Swoosh logo.
Nike has contracted with more than 700 shops around the world and has offices located
in 45 countries outside the United States. Most of the factories are located in Asia,
including Indonesia, China, Taiwan, India, Thailand, Vietnam, Pakistan, Philippines,
and Malaysia.
Products: Athletic footwear & apparel; Athletic & ...
Industry: Apparel; Accessories; Sports equipment
Founders: Bill Bowerman; Phil Knight
Almost all Nike shoes are manufactured outside of the United States. The leading manufacturer
of Nike shoes is China and Vietnam each accounting for 36% of the total manufactured world
wide. Indonesia accounts for 22% and Thailand for 6% of the Nike shoes that are being
produced world wide.There are 785 contract factories with more then 1 million workers.
Argus Research also upgraded Nike to buy from hold, citing price hikes,
worldwide store growth and footwear innovation as catalysts driving
market-share gains. It's working to improve business in China by cutting
ties with retail partners with weaker sales and shifting inventory to other
areas.
3. Govt policies
Nike Inc. (NKE) shares are beating the broader market despite the ongoing trade
war between the U.S. and China. Shares of the athletic footwear and apparel
manufacturer are up 22% in 2019, aided by continuing popularity among Chinese
consumers and a supply chain that is more insulated from tariffs than a decade
ago.
KEY TAKEAWAYS