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Essay heading: nike
 
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Issue: Social Issues
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Date added: September 3, 2004
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No of pages / words: 2 / 533
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It has been disputed that Nike produced its apparel in actual sweatshops, where their workers made very small wages and were subject to long hours and an uncomfortable environment (Nike, Inc Wikipedia). Knight's nine-figure empire became subject to several lawsuits and nation-wide criticism for its exploitation of cheap-labor...
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However, Nike's overseas cheap labor allowed the industry to profit a significant amount of more money comparing to what could have been Nike's profits if produced in United States, allowing it to surpass its competitors. Nike, Inc's marketing tactics also largely contributed to its constant rise in profits...
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This combination could be deadly to Nike as it will be a big blow to their market. The combined entity, with sales of $12 billion ($8 billion from Adidas and $4 billion from Reebok) will close the gap on Nike, which posted $14 billion in sales during its last fiscal year, ended May 31st (Howard)...
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The company was founded in 1962 as Blue Ribbon Sports by Bill Bowerman and Philip Knight, and officially became Nike, Inc. in 1978. The company takes its name from Nike (Greek), the Greek goddess of victory...
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This is evident in their declining stock price, which has fallen by over 80 percent in the last four years. Reebok’s financial woes are illustrated in their declining net sales...
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