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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.
Champs Sports was acquired in the 1980s by the Woolworth Corporation, then a specialty store division of the F. W. Woolworth Company.It, along with Foot Locker (which was owned by Woolworth and is now the name of the company that succeeded Woolworth), sold athletic merchandise, replacing the five and dime and department store concepts with the increasing specialty store concept.
Nike opened its newest store concept, Nike Live, on July 12, 2018, as Nike by Melrose: a 4,557-square-foot store located in the heart of West LA.
Nike Inc. would eventually take over as MLB's official on-field uniform partner, with Fanatics using the existing facilities acquired during the Majestic acquisition to now make Nike MLB uniforms. [19] In September 2017, Fanatics closed a $1 billion round of fundraising led by Softbank, with participation from the NFL, MLB, NHL, MLS and NFLPA.
From fiscal 2020 to 2024, Nike Direct's revenue rose at a CAGR of 15% as its wholesale revenue only increased at a CAGR of 5%. Nike generated 42% of its sales from Nike Direct in fiscal 2024 ...
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