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Nike

Submitted by sugar12 on May 18, 2005

Category: Miscellaneous
Words: 1100 | Pages: 5
Views: 456
Popularity Rank: 20,149
Average Member Grade: N/A (Add a Comment / Grade this Paper)

Nike History

Phil Knight, a graduate from Stanford University along side a former head coach Bill Bowerman, together formed Nike. 1964 they came together to form Blue Ribbon Sports. In 1971 they earned there "SWOOSH" and the first NIKE brand was introduced. Shortly after in 1978 Blue Ribbon became Nike for good and since then they have been dominating the shoe apparel industry. Shortly after Blue Ribbon became Nike, Nikes concentration in casual shoes in the 1980's caused them to missed the trend to aerobic shoes and fell behind allowing Reebok to control the market. Due to poor management Nike was in the hole for a few more years which allowed Reebok to stay on top. Phil Knight reestablished and repositioned Nike management. In 1988 Nike purchased Cole Haan for $64 million which allowed them to increase casual footwear sales by 16%, they also purchased the accessories company in 1990. Nike even expanded by opening their own retail store "Nike Town" in 1990. Nike distributes to 123 retail stores in the US and also in 52 retail stores in countries such as, the UK, Japan, France, Italy, Spain, Germany, and Canada.

SWOT Analysis
Strengths:
· Brand name recognition, because Nike has been around so long, the brand is recognized and respected both internationally and domestically.
· Brand loyalty, Nike has consistently produced quality products that appeal to its consumers both internationally and domestically.
· Nike carries a wide arrangement of products with a large amount of options for personal preference.
· Strong international presence, in the event that U.S. sales continue to slack off or the economy continues to worsen, they have their international investments that consistently turns a profit. They are the number one footwear manufacturer in nine international countries; with distribution centers both internationally and domestically. The ad agency that they contract out to has opened...

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