Fact Of The Day
Did you know that before 1971, Nike was actually called Blue Ribbon Sports?
Despite most of the Western population owning at least one item made by Nike, there are many interesting facts that are relatively unknown.
Nike is one of the world’s most popular retailers of athletic clothing and footwear, but there are many things about the company which the average person doesn’t know.
1. Many of the names of Nike’s products have been taken from sports teams. For example, ‘Columbia Blue’ is named after the ‘Columbia Lions’, a team that has a blue logo.
2. After Nike displayed shirts in the window of a Boston store containing text such as ‘Get High’, the company was criticized by mayor Thomas Menino.
3. The company is constantly trying to introduce new ideas to the market, and in 1991, they released denim acid wash golf shorts, which were not hugely popular.
4. Nike was founded on January 25, 1964, by Bill Bowerman and Phil Knight.
5. The headquarters is based in Washington County, Oregon, USA.
6. Many hardcore fans of the brand mispronounce the name ‘Nike’. It is correctly pronounced ‘ny-kee’ and the name comes from the Greek goddess of victory.
7. Nike sells footwear, clothing, and sports accessories in thousands of stores across the world. In total, there are more than 900 million items sold every single year.
8. Over the years, Nike has made some award-winning commercials, and in 2000 and again in 2002, the company won an Emmy award.
9. One of Nike’s most recent innovations is a shoe that can be electronically paired up to a smartphone. The footwear contains a computing device that is embedded into it and can be connected to the smartphone of whoever is wearing the shoes.
10. Across the market for athletic shoes, Nike takes up approximately 62%, making it the most popular brand for sporting footwear.
11. Nike doesn’t only design shoes for regular everyday wear. Tinker Hatfield, the shoe designer for Nike, created the Bat boot for the first Batman movie. Additionally, the hoverboarding shoes were worn by Michael J. Fox in Back to the Future: Part II was designed by Nike.
12. The largest Nike store is situated on Oxford Street in London and is a grand total of 42,000 square feet.
13. The very first pair of shoes were made using a waffle iron, which created grooves on the soles. These then helped to grip the surface of running tracks when athletes wore them.
14. In 1978, Nike created a new advert for their Air Max shoes, and for the first time ever, a Beatles song was used in a commercial. The song which was chosen for the ad was Revolution No. 9.
15. When the company first started, it was called Blue Ribbon Sports. In 1971, the name was changed to Nike.
16. Phil Knight, one of the co-founders, wanted to change the name to ‘Dimension 6’, but in the end, Nike was preferred of the two potential names.
17. As of 2015, there were more than 62,000 employees working for Nike across the globe.
18. Nike products are made in factories that aren’t actually owned by the company itself. Instead, contractors own the factories and Nike pays them to produce the goods.
19. The Air Jordan 1 was made famous by basketball player Michael Jordan; however, Jordan hated the colors red and black when he first saw the shoes.
20. Shaquille Rashaun O’Neal, also known as Shaq, went to meet the Nike owners dressed entirely in Reebok apparel. This was because he knew he didn’t want to sign any contracts with Nike.
21. Romanian tennis player Ilie Nastase endorsed Nike in 1972 after signing a contract with the company. He was the first athlete to promote Nike.
22. In 2003, popular footwear store Foot Locker ceased to stock Nike’s more expensive ranges as they believed the prices were too high.
23. Phil Knight was writing one of his college papers when he decided to start his own shoe company. He believed shoes made in Japan could compete with the other sports companies which were popular at the time, such as Adidas.
24. Nike heavily supports the University of Oregon and their sports teams, providing them with exclusive apparel and funding.
25. Footwear for Nike is manufactured mainly in China, Indonesia, and Vietnam, but many of the shoes have also been made in the USA.
26. Nike Golf, which is a branch of the Nike company, was started in 1984 by Bill Wood; however, it only truly gained popularity when Tiger Woods was signed in 1996.
27. The famous Nike logo, a solid swoosh, was designed for just $35 by Carolyn Davidson, a student at Portland State University. Later on, she was given more than $640,000 worth of Nike products.
28. The slogan ‘Just Do It’, which is now recognized all over the world, was inspired by Gary Gilmore’s last words. The serial killer said “Let’s do it” before he was executed.
29. The very popular LiveStrong bracelet was first seen in 2008; however, Phil Knight was not convinced of the idea and even laughed at it during an interview with Oprah.
30. Zoom Air, one of Nike’s most popular shoes, was introduced to the market in 1995 but was first given the name Tensile Air.
People Also Ask
Q.1: Is Adidas or Nike Better?
Ans: Nike is not used to playing catchup, but Adidas is beating it in technology, innovation, and style. ... Adidas is still much smaller than Nike: Adidas brought in $5.3 billion in 2017 compared with Nike's $15.2 billion. But Adidas has a better sense for what consumers want to buy, which is making Nike sweat.
Q.2: Is Nike considered a luxury brand?
Ans: Nike turned into a luxury brand when no one was looking. Nike shoes. ... In 2016, it overtook Louis Vuitton as the most valuable apparel brand in the world, according to a ranking by Forbes.
Q.3: Who is Nike owned by?
Ans: Phil Knight
Owner: Nike is currently owned by Phil Knight, who started the company and has a net worth of 39.2 billion. He is ranked 26th richest person in the world.
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