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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.
In 2016, Nike retired the numbering system in favor of the RN designation. In 2019, Nike brought back the numbering system in the new Nike Free RN 5.0 and the Free RN 3.0. In 2019 the naming was changed again. The Free series consists of only two models, the RN 5.0 and RN Flyknit 3.0.
The Nike Cortez is the first track shoe released by Nike in 1972, and is therefore thought to be a significant aspect to the success of the company. The Nike Cortez was first designed by Nike co-founder Bill Bowerman, [2] aiming to produce a comfortable and durable running shoe for distance training and road running.