Nike, Inc.
American athletic equipment company
Follow Nike, Inc. on Notably News to receive short updates to your email — rarely!
| 2024 | Nike ranked 239th in the Forbes Global 2000 companies list |
| January 2024 | Phil Knight remains the largest individual shareholder of Nike, owning 17.4% of the company's shares in early 2024. |
| 2023 | Nike becomes the presenting sponsor of Reviving Baseball in Inner Cities (RBI), supporting youth participation in baseball and softball in underserved communities. |
| 2023 | Nike's corporate jet emissions increased by 20% compared to 2015, though representing less than 0.1% of total company emissions. |
| 2023 | Nike declared its intent to phase out the use of wool sourced from lambs that had been subjected to mulesing, a controversial practice involving the removal of skin from live lambs, following criticism from animal rights groups. |
| 2023 | Research by the social democratic party in the European Parliament, Sheffield Hallam University, and other groups accused Nike of using forced labor camps exploiting Muslim Uyghurs in China, specifically involving the Anhui Huamao Group Co., Ltd. in production. |
| 2023 | Nike announced to ESPN its plan to cease using kangaroo skins in its products and develop a new proprietary synthetic upper material. |
| 2023 | Nike reaches $51.217 billion in revenue, with 83,700 employees, though net income slightly decreased to $5.070 billion. |
| July 2023 | Kantar study identified Nike as one of the Most Inclusive Brands in America. |
| July 2023 | The Canadian Ombudsperson for Responsible Enterprise initiated an investigation into Nike to examine allegations of forced Uyghur labor in its supply chain. |
| March 2023 | Roth MKM's Millennial survey reported Nike as a preferred brand for health and wellness purchases in the post-pandemic market. |
| January 2023 | Rakuten study concluded Nike as the most popular sportswear brand in the United States. |
| 2022 | Nike reported revenue in excess of US$46 billion for the fiscal year |
| April 2022 | Nike sold a Takashi Murakami-designed NFT from the Dunk Genesis Cryptokicks collection for $134,000, highlighting the company's entry into digital collectible markets through their RTFKT acquisition. |
| 2021 | Nike partnered with Newlight Technologies to develop eco-friendly materials like AirCarbon bioplastic as a sustainable alternative to leather and traditional plastics. |
| 2021 | Nike experiences significant growth, reaching $44.538 billion in revenue, with net income of $5.727 billion and a stock price of $141.47. |
| December 2021 | The European Center for Constitutional and Human Rights filed a criminal complaint in a Dutch court against Nike, alleging the company benefited from forced Uyghur labor in Xinjiang, China. |
| 2020 | Nike ends its sponsorship of the Indian cricket team after 15 years. |
| 2020 | Starting with the 2020–21 season, the Jumpman logo began replacing the Nike swoosh on the NBA's alternate 'Statement' uniforms, with the Charlotte Hornets (owned by Michael Jordan) being the first team to use this design. |
| 2020 | Despite the global pandemic, Nike maintains substantial operations with $37.403 billion in revenue, 75,400 employees, and a stock price of $106.46. |
| 2020 | Nike brand valued in excess of $32 billion, becoming the most valuable brand among sports businesses |
| June 30 2020 | Nike reported total CO2e emissions of 317 kilotonnes, demonstrating a 12% year-over-year increase, and committed to reducing emissions 65% by 2030 in alignment with the Paris Agreement. |
| April 30 2020 | World Athletics implemented a new rule requiring shoes to be available for purchase on the open retail market for at least four months before they can be used in competition, directly impacting Nike's Vaporfly shoe technology. |
| January 31 2020 | World Athletics issued new guidelines for Olympic shoes in response to criticisms about Nike Vaporfly running shoes, addressing concerns about technological advantages in athletic footwear. |
| January 13 2020 | John Donahoe succeeded Mark Parker as CEO of Nike. |
| 2019 | Nike launches the 'Move to Zero' program, a comprehensive sustainability initiative aimed at achieving zero waste and zero carbon emissions throughout its supply chain and product lifecycle. |
| 2019 | Nike was criticized by U.S. Vice President Mike Pence for allegedly siding with the Chinese Communist Party by removing Houston Rockets merchandise from its stores in China after the team's general manager Daryl Morey supported the Hong Kong protests. |
| 2019 | Nike increases revenue to $39.117 billion, grows employee count to 76,700, and raises stock price to $86.73 per share. |
| July 2019 | Nike released and subsequently withdrew the Air Max 1 Quick Strike Fourth of July trainers featuring a Betsy Ross flag design after Colin Kaepernick informed the brand that he and others found the flag offensive due to its associations with slavery. The withdrawal drew criticism from Republican politicians like Governor Doug Ducey and Senator Ted Cruz. |
| July 23 2019 | A pair of Nike 'Moon Shoes' designed by Bill Bowerman for the 1972 Olympic trials was sold at a Sotheby's auction for $437,500 to Canadian investor Miles Nadal, breaking the record for the most expensive pair of sneakers sold. |
| 2018 | Nike spends $11.5 billion on marketing and endorsement contracts, nearly a third of its sales. |
| 2018 | Nike reports annual revenue of $36.397 billion, with 73,100 employees and a stock price of $72.63 per share. |
| 2018 | Nike ranked 89th in the Fortune 500 list of largest United States corporations by total revenue |
| September 2018 | Nike signed Colin Kaepernick to a long-term advertising campaign, creating a branded line including shoes, shirts, and jerseys. The announcement sparked significant public controversy, with some people burning Nike products and the Fraternal Order of Police criticizing the campaign, while others like LeBron James and Serena Williams offered support. |
| March 15 2018 | Nike CEO Mark Parker announced that Trevor Edwards was relinquishing his position as Nike's brand president and would retire in August. |
| 2017 | A study revealed Nike's total carbon dioxide contribution was 3,002,529 metric tons across various company sectors. |
| 2017 | Nike first launched the Vaporfly running shoes, which revolutionized long-distance running with their innovative technological composition. |
| 2017 | Nike brand was valued at $29.6 billion |
| 2016 | RTG Consulting Group study ranked Nike as the 3rd most relevant brand for Gen-Z in China. |
| 2016 | Nike began using water-free dyeing materials to reduce water usage in their Southeast Asian factories, demonstrating an effort to improve environmental sustainability. |
| July 2016 | Greenpeace released a follow-up report criticizing Nike for not taking individual responsibility for eliminating hazardous chemicals and lacking commitment to reporting chemical discharge data. |
| June 30 2016 | Phil Knight officially stepped down from all duties with the company after announcing his retirement in mid-2015. |
| June 2015 | Nike signed an 8-year deal with the NBA to become the official uniform supplier, marking the first time Nike's logo would appear on NBA jerseys. The deal was set to begin with the 2017–18 season, replacing Adidas as the league's uniform provider. |
| June 2015 | Nike established a baseline of CO2e emissions at 286 kilotonnes, setting the foundation for future reduction targets. |
| February 21 2013 | Nike suspends its contract with Oscar Pistorius due to murder charges. |
| January 2013 | Nike signs Rory McIlroy to a 10-year sponsorship deal worth $250 million. |
| 2012 | Nike partners with (PRODUCT)RED campaign to help prevent HIV transmission from mother to child, aiming to raise funds for education and medical assistance in areas heavily affected by AIDS. |
| July 12 2012 | Following the Freeh Report, Nike CEO Mark Parker announces the removal of Joe Paterno's name from the child development center. |
| 2011 | Nike establishes a fiscal year (FY11) baseline for measuring carbon emissions across its value chain, initiating its environmental impact reduction efforts. |
| July 2011 | Greenpeace published a report highlighting water pollution from a Nike supplier's textile factory in the Yangtze River, leading Nike and other brands to agree to stop discharging hazardous chemicals by 2020. |
|
We are only showing the most recent entries for this topic. |
|
This contents of the box above is based on material from the Wikipedia article Nike, Inc., which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.