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Nike 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 details about its contract factories in its Corporate Governance Report. Please enhance this part by including secondary or tertiary sources. For the fiscal year 2018, Nike reported earnings of US$1.933 billion, with annual revenue of US$36.397 billion, a rise of 6.0% over 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.

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On June 24, 2021, during an earnings call with traders, CEO John Donahoe acknowledged that "Nike is a model that is of China and for China", in response to a question about competing in opposition to Chinese brands. Phil Knight introduced in mid-2015 that he would step down as chairman of Nike in 2016. He officially stepped down from all duties with the corporate on June 30, 2016. All baggage have a velcro strip which could be personalised utilizing patches. Don’t let the intense sports look of this bag put you off, if that’s not your factor.

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Nike has been criticized for contracting with factories in international locations similar to China, Vietnam, Indonesia and Mexico. Vietnam Labor Watch, an activist group, has documented that factories contracted by Nike have violated minimal wage and overtime laws in Vietnam as late as 1996, although Nike claims that this practice has been stopped. The company has been topic to much critical coverage of the usually poor working situations and exploitation of low-cost overseas labor employed in the free commerce zones the place their items are typically manufactured. Sources for this criticism embody Naomi Klein's guide No Logo and Michael Moore documentaries. Nike's world headquarters are surrounded by town of Beaverton however are inside unincorporated Washington County. The metropolis tried to forcibly annex Nike's headquarters try this website , which led to a lawsuit by Nike, and lobbying by the company that ultimately ended in Oregon Senate Bill 887 of 2005.

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Nike's first professional athlete endorser was Romanian tennis player Ilie Năstase. Prefontaine was the prized pupil of the corporate's co-founder, Bill Bowerman, while he coached on the University of Oregon. Today, the Steve Prefontaine Building is identified as in his honor at Nike's corporate headquarters. Nike has only made one statue of its sponsored athletes and it is of Steve Prefontaine.

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Nike was an early adopter of internet marketing, email administration technologies, and using broadcast and narrowcast communication technologies to create multimedia advertising campaigns. Nike was criticized for its use of the Beatles track "Revolution" in a 1987 business in opposition to the desires of Apple Records, the Beatles' recording firm. Nike paid US$250,000 to Capitol Records Inc., which held the North American licensing rights to the recordings, for the best to make use of the Beatles' rendition for a yr.

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