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Website: http://www.nike.com Nike is the leading maker of athletic shoes, equipment and apparel. Nike products cover a broad range of sports including basketball, football, running and soccer. Sneakers made by Nike are sold for $40-$200 per pair. Nike is one of the most-heavily advertised and best known brands in the world. Nike has signed exclusive and expensive marketing deals with some of the world's top athletes -- including Tiger Woods, Andre Agassi and LeBron James -- to promote its products. Wholly owned Nike subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Bauer NIKE Hockey, Inc., a leading designer and distributor of hockey equipment; Cole Haan, a leading designer and marketer of luxury shoes, handbags, accessories and coats; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories and Exeter Brands Group LLC, which designs and markets athletic footwear and apparel for the value retail channel. Nike IHM makes AIR-SOLE cushioning components used in Nike footwear products and sells small amounts of various plastic products to other manufacturers. In fiscal 2006, Nike had revenues of $15.0 billion (a 9% increase from 2005) and net income of $1.39 billion. Nike employs approximately 29,000 people worldwide. In addition, approximately 650,000 workers are employed in Nike contracted factories around the globe. Nike owns facilities in Oregon, Tennessee, North Carolina and The Netherlands, and operates leased facilities for Niketown and NikeWomen retail stores, over 200 Nike Factory Stores and over 100 sales and administrative offices. Nike headquarters in Beaverton comprises 16 buildings on 178 acres. Each building is named after an athlete who is key to Nike's growth over the years including soccer star Mia Hamm, tennis star Pete Sampras and cyclist Lance Armstrong. There are 14,000 Nike employees in the United States. Approximately 7,000 work in Oregon at world headquarters, off-campus buildings, the Wilsonville distribution center and various retail venues combined; around 6,000 work in the Memphis distribution center and other retail stores around the country; and approximately 1,000 work in a variety of regional locations. History Nike was founded by Philip Knight, who ran track at the University of Oregon, and his team coach Bill Bowerman. In 1963, Knight began selling Tigers running shoes from Japan at a store known as Blue Ribbon Sports in Eugene, OR. Knight would also sell shoes from the back of his car at track meets. Sales grew and Knight hired an art student in 1971 to develop the company's well-known swoosh symbol for just $35. The company became known as Nike in 1972 which was named after the Greek goddess of victory. In 1985, Nike's fortunes changed when it signed up a young basketball player for the Chicago Bulls named Michael Jordan. His line of sneakers known as Air Jordans has become the best selling shoe line in history. Benefits Full-time employees (those scheduled to work 30 or more hours per week) are eligible for benefits the first day of the month following 30 days of employment. Nike provides a substantial subsidy to full-time employees to assist with the cost of these benefits. Part-time employees (those working between 20 and 29.99 hours per week) are eligible for health coverage the first day of the calendar year following 12 months of employment. - Medical, dental, vision coverage - Life and disability insurance - 401(k) plan - Nike matches 100% of the first 4% of pay contributed. - Discounts at employee stores and guest passes · Paid Time Off - Time off accrues throughout the year. Maximum
PTO accrual is limited to 1.5 times your annual accrual amount.
Once time is accrued, it can be used for vacations, sick time,
or other personal reasons. The accrual amount is based on length
of Nike service.
· Sabbaticals - Contribution by Nike and employee for five consecutive weeks off after 10 years of employment, and every five years thereafter. · Paid Holidays - Most employees receive 10 per year plus one Personal Floating Holiday Compensation Programs - Performance Sharing Plan (PSP) - Nike
has an annual bonus plan that rewards employees based on Nike's
performance (to reward team success) and individual performance
(to reward your contributions to that success). Additional Perks at Nike World Headquarters in Portland - Onsite Daycare - Joe Paterno and Nike
Tykes drop in center Updated June 9, 2007 |