Nike inc.

by: Rodrick Peak

The purpose

The purpose of nike was to, make a comfortable running shoe for Phil Knight (who attended Oregon) was runs track and was training for the Olympics. Phil knights coach Bill Bowerman was the first to make an nike shoe.



the motivation of nike was to make a running shoe for his student who was a track star. when they realized how good they shoe was, they teamed up with ascis. they opened up a retail store.Nike Inc. will buy back $8 billion of Nike's class B stock in 4 years after the current $5 billion buyback program is completed in second quarter of fiscal 2013. Up to September 2012, Nike Inc. has bought back $10 billion of stock.[31]

Nike was made a member of the Dow Jones Industrial Average in 2013, when it replaced Alcoa.[32]

On December 19, 2013, Nike Inc.'s quarterly profit rose due to a 13 percent increase in global orders for merchandise since April of that year. Future orders of shoes or clothes for delivery between December and April, rose to $10.4 billion. Nike shares (NKE) rose 0.6 percent to $78.75 in extended trading.[33]

In November 2015, Nike announced it would initiate a $12 billion share buyback, as well as a two-for-one stock split, with shares to begin trading at the decreased price on December 24.[34]The split will be the seventh in company history.

On April 26, 2016, it was announced that Nike would release the Nike Air Force 180 "Olympic" associated with the dream team of 1992.[35] It will drop on July 7 at select Nike Sportswear retailers.[35]


6 function of buissness