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Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] 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.
Nike, Inc. has been accused of using sweatshops and worker abuse to produce footwear and apparel in East Asia. After rising prices and the increasing cost of labor in Korean and Taiwanese factories, Nike began contracting in countries elsewhere in Asia, which includes parts of India, Pakistan, and Indonesia.
They launched a retail division in 1982, which comprised 40 plus stores worldwide and cumulative annual sales of nearly $70 million by 1996. [3] Nike, Inc. purchased Cole Haan in 1988. Nike announced on May 31, 2012, that it was divesting Cole Haan and Umbro to focus on the Nike brand and other complementary brands. [4] [5]
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Brand Factory was a chain of retail stores operated by Future Group but ownedby reliance group Its head office was in Mumbai. Launched in September 2006, it had 100 stores across 50 cities in India as of December 2018. [ 1 ]