61-581: Nike Air Ship is a basketball shoe released by Nike in 1984. The shoe is notable for being the first sneaker to ever be worn by Michael Jordan as part of his contract with Nike. The shoe has since been re-introduced by Nike as part of the Air Jordan line as the Jordan Air Ship . The shoes were designed by Bruce Kilgore and his next design following the Nike Air Force 1 . Nike wanted
122-486: 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. The split will be the seventh in company history. In June 2018, Nike announced it would initiate a $ 15 billion share buyback over four years, to begin in 2019 upon completion of the previous buyback program. For the fiscal year 2018, Nike reported earnings of US$ 1.933 billion, with annual revenue of US$ 36.397 billion, an increase of 6.0% over
183-593: A Bermudan subsidiary, Nike International Ltd. This transfer allowed the subsidiary to charge royalties to its European headquarters in Hilversum , Netherlands , effectively converting taxable company profits to an account payable in tax-free Bermuda . Although the subsidiary was effectively run by executives at Nike's main offices in Beaverton, Oregon—to the point where a duplicate of the Bermudan company's seal
244-624: A New York based company focused on digital sales and machine learning technology. Nike was made a member of the Dow Jones Industrial Average in 2013, when it replaced Alcoa . On December 19, 2013, Nike'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. In November 2015, Nike announced it would initiate
305-649: A banner posted in a hallway in the school honoring his achievements. In 2012, Davis was working as a verification officer at Union City High School , mentoring students. He was also co-founder and, in 2012, president of the Tri-States Olympic Alumni Association, a member of the University of Oregon Hall of Fame and the New Jersey Sports Writers' Halls of Fame. Davis ran athletic skills programs during
366-440: A combination of groundbreaking innovations including a full-length air cushioned sole, an external heel counter, a crashpad in the heel for shock absorption, and Fit Frame technology for a stable fit. In 2023, Nike told ESPN that it would cease using kangaroo skins in its products by the end of that year and debut "a new Nike-only, proprietary synthetic upper, [with] a new material that is a better performance solution and replaces
427-426: A distributor for Japanese shoe maker Onitsuka Tiger , making most sales at track meets out of Knight's automobile. According to Otis Davis , a University of Oregon student-athlete coached by Bowerman and Olympic gold medalist at the 1960 Summer Olympics , his coach made the first pair of Nike shoes for him, contradicting a claim that they were made for Phil Knight. According to Davis, "I told Tom Brokaw that I
488-569: A gray water treatment center. Nike is mainly owned by institutional investors, who hold around 68% of all shares. The 10 largest shareholders of Nike in early 2024 were: 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. Nike
549-699: A movie theater cashier. He grew up in a segregated Alabama, and was raised by his maternal grandmother, Carrie Eaton. He served four years in the United States Air Force during the Korean War . Following the Air Force, Davis attended enrolled at Los Angeles City College , where he played basketball. In 1957, he transferred to the University of Oregon on a basketball scholarship. One day in 1958 while observing athletes running on
610-593: A nine-foot tower adjacent to Hayward Field . Davis was competing on a national level for the Oregon Ducks , and was poised to become a national AAU champion in the 440-yard run. At the age of 28, he made the 1960 United States Olympic team, placing third in the 400-meter race at the Olympic Trials . He ran his fastest time to date one week before participating in the 1960 Summer Olympics in Rome as one of
671-489: A regional early release were known as Quickstrikes , and became highly desirable items for teenage members of the sneakerhead subculture . By the 1990s and 2000s , American and European teenagers associated with the preppy or popular clique began combining these sneakers, leggings , sweatpants, crop tops , and tracksuits with regular casual chic street clothes such as jeans, skirts, leg warmers , slouch socks , and bomber jackets . Particularly popular were
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#1732786580305732-478: A status symbol in modern urban fashion and hip-hop fashion due to its association with success in sport. Beginning in the 1980s, various items of Nike clothing became staples of mainstream American youth fashion , especially tracksuits, shell suits , baseball caps , Air Jordans , Air Force 1's, and Air Max running shoes with thick, air cushioned rubber soles and contrasting blue, yellow, green, white, or red trim. Limited edition sneakers and prototypes with
793-742: Is "squishier, bouncier, and lighter" than foams in typical running shoes. In the middle of the ZoomX foam there is a full-length carbon fiber plate "designed to generate extra spring in every step". At the time of this writing Nike had just released its newest product from the Vaporfly line, the Nike ZoomX Vaporfly NEXT%, which was marketed as "the fastest shoe we’ve ever made" using Nike's "two most innovative technologies, Nike ZoomX foam and VaporWeave material". The Nike brand, with its distinctive " Swoosh " logo, quickly became regarded as
854-539: Is 3000 yuan per month. The factory employs 70,000 people. This practice was in place for nearly 20 years. On November 5, 2017, the Paradise Papers , a set of confidential electronic documents relating to offshore investment , revealed that Nike is among the corporations that used offshore companies to avoid taxes. Appleby documents detail how Nike boosted its after-tax profits by, among other maneuvers, transferring ownership of its Swoosh trademark to
915-1035: Is hesitant to disclose information about the contract companies it works with. However, due to harsh criticism from some organizations like CorpWatch, Nike has disclosed information about its contract factories in its Corporate Governance Report. In the 1990s, Nike received criticism for its use of sweatshops . Beginning in 1990, many protests occurred in big cities such as Los Angeles, Washington, DC and Boston in order to show public outcry for Nike's use of child labor and sweatshops. Nike has been criticized for contracting with factories (known as Nike sweatshops ) in countries such as China, Vietnam, Indonesia and Mexico. Vietnam Labor Watch, an activist group, has documented that factories contracted by Nike have violated minimum wage and overtime laws in Vietnam as late as 1996, although Nike claims that this practice has been stopped. As of July 2011, Nike stated that two-thirds of its factories producing Converse products still do not meet
976-617: Is not being used. In 2001, a BBC documentary uncovered occurrences of child labor and poor working conditions in a Cambodian factory used by Nike. The documentary focused on six girls, who all worked seven days a week, often 16 hours a day. In April 2014, one of the biggest strikes in mainland China took place at the Yue Yuen Industrial Holdings Dongguan shoe factory, producing amongst others for Nike. Yue Yuen did underpay an employee by 250 yuan (40.82 US Dollars) per month. The average salary at Yue Yuen
1037-504: Is specifically barred from forcibly annexing the land that Nike and Columbia Sportswear occupy in Washington County for 35 years, while Electro Scientific Industries and Tektronix receive the same protection for 30 years. Nike is planning to build a 3.2 million square foot expansion to its World Headquarters in Beaverton. The design will target LEED Platinum certification and will be highlighted by natural daylight, and
1098-496: The 400 m and 4 × 400 m relay at the 1960 Summer Olympics . He set a new world record of 44.9 seconds in the 400 m and became the first person to break the 45-second barrier. Otis Crandall Davis was born in Tuscaloosa, Alabama , on July 12, 1932. He was black and Native American . His father, Johnie Davis, worked as a bellhop, and his mother, Mary Alice Davis, taught science and worked as
1159-409: The 400-meter dash . Davis won by a hair, setting a world record of 44.9 seconds and becoming the first man to break the heralded 45-second barrier. The photo of the finish, with (in full horizontal dive position) Kaufmann's nose ahead of Davis, but his torso behind, has been studied and discussed by track and field officials for years. Both athletes were awarded the world record time, recorded in
1220-788: The Nike+ product that monitors a runner's performance via a radio device in the shoe that links to the iPod nano . While the product generates useful statistics, it has been criticized by researchers who were able to identify users' RFID devices from 60 feet (18 m) away using small, concealable intelligence motes in a wireless sensor network . In 2004, Nike launched the SPARQ Training Program /Division. Some of Nike's newest shoes contain Flywire and Lunarlite Foam to reduce weight. The Air Zoom Vomero running shoe, introduced in 2006 and currently in its 11th generation, featured
1281-498: The long jump with little effort, though he was flustered by the sprinting events, relating "I didn't even know how to get in the starting blocks". For his first competitive event, Bowerman entered Davis in the 220-yard dash and the 440-yard dash in the Pacific Coast Conference championships, both of which he won, missing the school record by two tenths of a second in the latter. According to Davis, Bowerman made
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#17327865803051342-660: The 10ths of a second in those days, but Davis was awarded the win. Two days later, they met again for the 4 × 400 m relay final. Davis anchored the USA team of Jack Yerman , Earl Young and 400-meter hurdles gold medalist Glenn Davis , setting a world record of 3:02.2. The photo of the finish of that race was also made famous in Life magazine. In 1996 he was a torch-bearer for the Summer Olympics in Atlanta . Following
1403-531: The 2000s. It sold Starter in 2007 and Bauer Hockey in 2008. The company sold Umbro in 2012 and Cole Haan in 2013. As of 2020, Nike owns only one subsidiary: Converse Inc. Nike acquired Zodiac, a consumer data analytics company, in March 2018. In August 2019, the company acquired Celect, a Boston-based predictive analytics company. In December 2021, Nike purchased RTFKT Studios, a virtual shoe company that makes NFTs. In February 2021, Nike acquired Datalogue,
1464-529: The 440-yard dash in the NCAA Division I Men's Outdoor Track and Field Championships . In 1960, he graduated from the University of Oregon with a B.S. degree in Health & Physical Education. The University honored him in 2020, as one of eight gold medalists who attended the school. In addition, Davis, along with Bill Bowerman , Ashton Eaton , Steve Prefontaine and Raevyn Rogers , are depicted on
1525-480: The Air Jordan 1 becoming popular during its launch. Nike, Inc. Nike, Inc. (stylized as NIKE ) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon , United States. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment , with revenue in excess of US$ 46 billion in its fiscal year 2022. The company
1586-474: The Air Ship to be a successor to the Air Force 1 and also be a team shoe that was suitable for all players. Unlike the Air Force 1, the shoe did not feature a velcro strap around the top of the shoe. It also added more color to the design by having an upper segment around the ankles and the edges around the laces in the same color as the swoosh logo with the rest of the shoe colored in black or white. The shoe
1647-676: The Dunk Genesis Cryptokicks collection, which features over 20,000 NFTs. One design by Takashi Murakami was sold for $ 134,000 in April 2022. Nike's world headquarters are surrounded by the city of Beaverton but are within unincorporated Washington County . The city attempted to forcibly annex Nike's headquarters, which led to a lawsuit by Nike, and lobbying by the company that ultimately ended in Oregon Senate Bill 887 of 2005. Under that bill's terms, Beaverton
1708-573: The East Coast, in Wellesley, Massachusetts . In 1971, Bowerman used his wife's waffle iron to experiment on rubber to create a new sole for track shoes that would grip but be lightweight and increase the runner's speed. Oregon's Hayward Field was transitioning to an artificial surface, and Bowerman wanted a sole which could grip to grass or bark dust without the use of spikes. Bowerman was talking to his wife about this puzzle over breakfast, when
1769-974: The Nike 6.0, Nike NYX, and Nike SB shoes, designed for skateboarding. Nike has recently introduced cricket shoes called Air Zoom Yorker, designed to be 30% lighter than their competitors'. In 2008, Nike introduced the Air Jordan XX3, a high-performance basketball shoe designed with the environment in mind. Nike's range of products include shoes, jerseys, shorts, cleats , baselayers , etc. for sports activities such as soccer, basketball, track and field, combat sports , tennis, American football , athletics, golf, ice hockey , and cross training for men, women, and children. Nike also sells shoes for activities such as skateboarding , baseball, cycling, volleyball, wrestling , cheerleading , lacrosse , cricket , aquatic activities, auto racing, and other athletic and recreational uses. Nike partnered with Apple Inc. to produce
1830-571: The Nike brand was valued at $ 29.6 billion. Nike ranked 89th in the 2018 Fortune 500 list of the largest United States corporations by total revenue. The company ranked 239th in the Forbes Global 2000 companies in 2024. Nike, originally known as Blue Ribbon Sports (BRS), was founded by University of Oregon track athlete Phil Knight and his coach, Bill Bowerman , on January 25, 1964. The company initially operated in Eugene , Oregon as
1891-567: The Nike logo. Runner Jeff Johnson was brought in to help market the new brand and was credited for coining the name “Nike”. It would bear the Swoosh newly designed by Carolyn Davidson . The Swoosh was first used by Nike on June 18, 1971, and was registered with the U.S. Patent and Trademark Office on January 22, 1974. In 1976, the company hired John Brown and Partners, based in Seattle, as its first advertising agency . The following year,
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1952-1080: The Olympics, Davis competed in some sporadic track meets, such as the 1961 U.S. Nationals at Randall's Island , which he won at age 29, but his competitive running career was virtually over, as he never repeated his Olympic performance. He returned to Oregon, and later considered playing as wide receiver for the Los Angeles Rams . After retiring from competition, he became a high school teacher, working in Springfield, Oregon , for many years, and then traveled overseas to work as an athletic director at United States military bases, including McGuire Air Force Base in New Jersey, where he taught in 1989. In 1991, Davis moved to Jersey City, New Jersey , in order to live closer to New York, eventually settling in Union City .> Around 2002 or 2003. Davis
2013-487: The agency created the first "brand ad" for Nike, called "There is no finish line", in which no Nike product was shown. By 1980, Nike had attained a 50% market share in the U.S. athletic shoe market, and the company went public in December of that year. Wieden+Kennedy , Nike's primary ad agency, has worked with Nike to create many print and television advertisements, and Wieden+Kennedy remains Nike's primary ad agency. It
2074-476: The company on June 30, 2016. In a company public announcement on March 15, 2018, Nike CEO Mark Parker said Trevor Edwards, a top Nike executive who was seen as a potential successor to the chief executive, was relinquishing his position as Nike's brand president and would retire in August. In October 2019, John Donahoe was announced as the next CEO, and succeeded Parker on January 13, 2020. In November 2019,
2135-465: 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. As of 2024, it employed 83,700 people worldwide. In 2020, the brand alone was valued in excess of $ 32 billion, making it the most valuable brand among sports businesses. Previously, in 2017,
2196-693: The company stopped selling directly through Amazon , focusing more on direct relationships with customers. Nike has acquired and sold several apparel and footwear companies over the course of its history. Its first acquisition was the upscale footwear company Cole Haan in 1988, followed by the purchase of Bauer Hockey in 1994. In 2002, Nike bought surf apparel company Hurley International from founder Bob Hurley. In 2003, Nike paid US$ 309 million to acquire sneaker company Converse . The company acquired Starter in 2004 and soccer uniform maker Umbro in 2007. In order to refocus its business lines, Nike began divesting itself of some of its subsidiaries in
2257-680: The company's standards for worker treatment. A July 2011 Associated Press article stated that employees at the company's plants in Indonesia reported constant abuse from supervisors. During the 1990s, Nike faced criticism for the use of child labor in Cambodia and Pakistan in factories it contracted to manufacture soccer balls. Although Nike took action to curb or at least reduce the practice, they continue to contract their production to companies that operate in areas where inadequate regulation and monitoring make it hard to ensure that child labor
2318-474: The first pair of Nike shoes for him, contradicting the claim that they were made for Phil Knight : "I told Tom Brokaw that I was the first. I don't care what all the billionaires say. Bill Bowerman made the first pair of shoes for me. People don't believe me. In fact, I didn't like the way they felt on my feet. There was no support and they were too tight. But I saw Bowerman make them from the waffle iron , and they were mine." In 1959, Davis finished seventh in
2379-510: The intellectual property from the Bermudan company to a Dutch commanditaire vennootschap or limited partnership, Nike Innovate CV. Dutch law treats income earned by a CV as if it had been earned by the principals, who owe no tax in the Netherlands if they do not reside there. Otis Davis Otis Crandall Davis (July 12, 1932 – September 14, 2024) was an American athlete , winner of two gold medals for record-breaking performances in
2440-887: The last words spoken by Gary Gilmore before he was executed. Nike manufactured its first uniforms for a professional sports team in 1979 when its jersey for the Portland Timbers of the North American Soccer League debuted. Throughout the 1980s, Nike expanded its product line to encompass many sports and regions throughout the world. In 1990, Nike moved into its eight-building World Headquarters campus in Beaverton, Oregon. The first Nike retail store, dubbed Niketown, opened in downtown Portland in November of that year. Phil Knight announced in mid-2015 that he would step down as chairman of Nike in 2016. He officially stepped down from all duties with
2501-474: The latter attempted a takeover of BRS by extending an ultimatum proposal that would give the Japanese company 51 percent of BRS. In 1972, the relationship between BRS and Onitsuka Tiger came to an end. BRS prepared to launch its own line of footwear. The previous year, it was already able to place from two Japanese shoe manufacturers the company's first independent order for 20,000, which included 6,000 that had
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2562-469: The oldest members of the track team, where he was nicknamed "Pops" by his teammates. He remembered: "I was still learning how to turn with the staggered starts and all. I was still learning the strategy involved. I was still learning how to run in the lanes." On September 6, 1960, Davis ran against the heavily favored German athlete Carl Kaufmann , who was born in Brooklyn and held the world record in
2623-592: The opportunity to be a part of sports activities. In 2023, Davis published a memoir, Destiny's Daredevil: The Autobiography of an Olympic Champion Helping Others Cross the Finish Line. Davis was married to and divorced from Lucille Mathes, and had two daughters. In 1994, burglars stole Davis's gold medals from his home in New Jersey, but they were recovered and returned within a month. Davis died in North Bergen, New Jersey , on September 14, 2024, at
2684-643: The previous fiscal cycle. Nike's shares traded at over $ 72 per share, and its market capitalization was valued at over US$ 114.5 billion in October 2018. In February 2020, the company said that roughly 75% of Nike stores in Greater China had closed due to the COVID-19 outbreak. In March 2020, Nike reported a 5% drop in Chinese sales associated with stores' closure. It was the first decrease in six years. At
2745-507: The same time, the company's online sales grew by 36% during Q1 of 2020. Also, the sales of personal training apps grew by 80% in China. Nike produces a wide range of sports equipment and apparel. Their first products were track running shoes. Nike Air Max is a line of shoes first released by Nike, Inc. in 1987. Additional product lines were introduced later, such as Air Huarache, which debuted in 1992. The most recent additions to their line are
2806-666: The shoes featured in Back to the Future Part II , it had a preliminary limited release, only available by auction with all proceeds going to the Michael J. Fox Foundation . This was done again in 2016. Nike have introduced a premium line, focused more on streetwear than sports wear called NikeLab. In March 2017, Nike announced its launch of a plus-size clothing line, which will feature new sizes 1X through 3X on more than 200 products. Another significant development at this time
2867-462: The sole plus a moisture wicking upper weave. Later, Nike Elite socks became available in bright colors inspired by throwback basketball uniforms , often with contrasting bold abstract designs, images of celebrities, and freehand digital print to capitalise upon the emerging nostalgia for 1990s fashion . In 2015, a new self-lacing shoe was introduced. Called the Nike Mag , which are replicas of
2928-639: The spring and summer in Union City, in order to reach students who did not normally participate in sporting events, and to complement the schools' physical education curricula. Among programs he directed were the Mayor's Cup, first held on June 6, 2011, in which students from the city's several elementary schools compete in events that include sprinting, spring relays and circle relays, and the Sports Challenge, which provides special needs children with
2989-449: The teams. Jordan's version of the Air Ship did not match the design of the team uniforms and both he and Nike were warned that if he did not change them then he would be fined and then eventually suspended. Nike would later use the warning and the "banning" of the shoes by the league to promote the Air Jordan 1 in a commercial that featured the same colorway as the Air Ship shoes that he was fined for. The promotion proved successful and led to
3050-597: The track with a friend, Davis, who had never run before, nor attended schools in his youth with sports programs other than basketball and football, decided that he could beat the athletes he saw on the track. He approached track coach Bill Bowerman , who would later become the founding father of the Nike, Inc. , and asked to join the track team. Needing high jumpers instead, Bowerman had Davis try his hand. Among Davis's first attempts, he jumped 6'0". He recalled: "I had no form. I had no style. I just jumped." He also hit 23'0" in
3111-422: The unisex spandex Nike Tempo compression shorts worn for cycling and running, which had a mesh lining, waterproofing, and, later in the 2000s, a zip pocket for a Walkman or MP3 player . From the late 2000s into the 2010s, Nike Elite basketball socks began to be worn as everyday clothes by hip-hop fans and young children. Originally plain white or black, these socks had special shock absorbing cushioning in
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#17327865803053172-569: The use of kangaroo leather." The Nike Vaporfly first came out in 2017 and their popularity, along with its performance, prompted a new series of running shoes. The Vaporfly series has a new technological composition that has revolutionized long-distance running since studies have shown that these shoes can improve marathon race time up to 4.2%. The composition of the sole contains a foamy material, Pebax, that Nike has altered and now calls it ZoomX (which can be found in other Nike products as well). Pebax foam can also be found in airplane insulation and
3233-456: The waffle iron idea came into play. Bowerman's design led to the introduction of the "Moon Shoe" in 1972, so named because the waffle tread was said to resemble the footprints left by astronauts on the Moon. Further refinement resulted in the "Waffle Trainer" in 1974, which helped fuel the explosive growth of Blue Ribbon Sports/Nike. Tension between BRS and Onitsuka Tiger increased in 1971 as
3294-510: Was Miles Nadal , a Canadian investor and car collector, who had just paid $ 850,000 for a group of 99 rare of limited collection pairs of sport shoes. The purchase price was the highest for one pair of sneakers, the previous record being $ 190,373 in 2017 for a pair of signed Converse shoes in California, said to have been worn by Michael Jordan during the 1984 basketball final of the Olympics that year. After acquiring RTFKT, Nike launched
3355-494: Was agency co-founder Dan Wieden who coined the now-famous slogan " Just Do It " for a 1988 Nike ad campaign, which was chosen by Advertising Age as one of the top five ad slogans of the 20th century and enshrined in the Smithsonian Institution . Walt Stack was featured in Nike's first "Just Do It" advertisement, which debuted on July 1, 1988. Wieden credits the inspiration for the slogan to "Let's do it",
3416-687: Was founded on January 25, 1964, as "Blue Ribbon Sports", by Bill Bowerman and Phil Knight , and officially became Nike, Inc. on May 30, 1971. The company takes its name from Nike , the Greek goddess of victory. Nike markets its products under its own brand, as well as Nike Golf, Nike Pro, Nike+ , Nike Blazers , Air Force 1 , Nike Dunk , Air Max , Foamposite, Nike Skateboarding , Nike CR7, and subsidiaries including Air Jordan and Converse . Nike also owned Bauer Hockey from 1995 to 2008, and previously owned Cole Haan , Umbro , and Hurley International . In addition to manufacturing sportswear and equipment,
3477-598: Was hired by the Union City Board of Education , and began working at Emerson High School as a truancy officer , teacher, coach and mentor. When he was inducted into the National Track and Field Hall of Fame in 2003, he asked Emerson Principal Robert Fazio to accompany him to the ceremony in Los Angeles, and when the rest of the school's staff learned he was an Olympic medalist, they honored him with
3538-516: Was needed—for tax purposes the subsidiary was treated as Bermuda. Its profits were not declared in Europe and came to light only because of a mostly unrelated case in US Tax Court, where papers filed by Nike briefly mention royalties in 2010, 2011 and 2012 totaling $ 3.86 billion. Under an arrangement with Dutch authorities, the tax break was to expire in 2014, so another reorganization transferred
3599-460: Was set to launch in fall of 1984 and the company decided to have Michael Jordan wear the shoe while the company was still busy working on finishing his signature shoe, the Air Jordan 1 . Jordan made his professional debut in the NBA with a black and red colorway of the sneakers. During that time, the league had a "uniform uniformity" rule that stated that the shoes of a player had to match the uniform of
3660-509: Was the Chuck Taylor All-Star Modern , an update of the classic basketball sneaker that incorporated the circular knit upper and cushioned foam sole of Nike's Air Jordans. On July 23, 2019, a pair of Nike Inc. running shoes sold for $ 437,500 at a Sotheby's auction. The so-called "Moon Shoes" were designed by Nike co-founder and track coach Bill Bowerman for runners participating in the 1972 Olympics trials. The buyer
3721-684: Was the first. I don't care what all the billionaires say. Bill Bowerman made the first pair of shoes for me. People don't believe me. In fact, I didn't like the way they felt on my feet. There was no support and they were too tight. But I saw Bowerman made them from the waffle iron , and they were mine". In its first year in business, BRS sold 1,300 pairs of Japanese running shoes grossing $ 8,000. By 1965, sales had reached $ 20,000. In 1966, BRS opened its first retail store at 3107 Pico Boulevard in Santa Monica, California . In 1967, due to increasing sales, BRS expanded retail and distribution operations on
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