Research one of your favourite companies (e.g., Gap, Old Navy, Nike, Starbucks, Whole Foods, Wal-Mart). Report results including where the products are manufactured?
Research one of your favourite companies-Report results
Firstly, Research one of your favourite companies (e.g., Gap, Old Navy, Nike, Starbucks, Whole Foods, Wal-Mart) – a regional company, or a local company.
Secondly, Report results including where the products are manufactured?
Thirdly, How do employees abroad and locally are treat ed?
Fourthly, Health and other benefits offered, and the company’s impact on the environment.
Fifthly, Are locally businesses more “compassionate” than large corporations?
Further, What is the impact on local economies of large companies? Be sure to provide your sourcing within the post!
Nike is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company headquarters are near Beaverton, Oregon, in the Portland metropolitan area. It is the world’s largest supplier of athletic shoes and appareland a major manufacturer of sports equipment, with revenue in excess of US$24.1 billion in its fiscal year 2012 (ending May 31, 2012). As of 2012, it employed more than 44,000 people worldwide. In 2014 the brand value at $19 billion, making it the most valuable brand among sports businesses. As of 2017, the Nike brand is value at $29.6 billion. Nike ranked No. 89 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
Nike has acquired and sold several apparel and footwear companies over the course of its history. Its first acquisition was the upscale footwear company Cole Haan in 1988, followed by the purchase of Bauer Hockey in 1994. In 2002, Nike bought surf apparel company Hurley International from founder Bob Hurley. In 2003, Nike paid US$309 million to acquire sneaker company Converse. The company acquired Starter in 2004 and soccer uniform maker Umbro in 2007.
In order to refocus its business lines, Nike began divesting of some of its subsidiaries in the 2000s. It sold Starter in 2007 and Bauer Hockey in 2008. The company sold Umbro in 2012 and Cole Haan in 2013. As of 2017, Nike owns two key subsidiaries: Converse Inc. and Hurley International.