By Cameron VanDer Merwe
Nike also owns Jordan, Hurley, Converse and Umbro
Nike is the largest sporting company in North America and is continually growing. They sold roughly $31 Billion worth of murchandise in the past year, and their share price has gone from $48-$65 in the past 52 weeks.
Nike plans to have a revenue of $50 Billion by 2020.
***The table below shows the percentage of the market the five most popular companies own, and one year's change.
| Brand | 2014 | 2015 |
|---|---|---|
| Nike | 41% | 46% |
| Jordan | 14% | 18% |
| Under Armour | 13% | 17% |
| Adidas | 11% | 8% |
| Asics | 4% | 3% |
Nike Inc. will buy back $8 billion of Nike's class B stock in 4 years after the current $5 billion buyback program is completed in second quarter of fiscal 2013. Up to September 2012, Nike Inc. has bought back $10 billion of stock. Nike was made a member of the Dow Jones Industrial Average in 2013, when it replaced Alcoa. On December 19, 2013, Nike Inc.'s quarterly profit rose due to a 13 percent increase in global orders for merchandise since April of that year. Future orders of shoes or clothes for delivery between December and April, rose to $10.4 billion. Nike shares (NKE) rose 0.6 percent to $78.75 in extended trading. In November 2015, Nike announced it would initiate a $12 billion share buyback, as well as a two-for-one stock split, with shares to begin trading at the decreased price on December 24. The split will be the seventh in company history. On April 26, 2016, it was announced that Nike would release the Nike Air Force 180 "Olympic" associated with the dream team of 1992.It will drop on July 7 at select Nike Sportswear retailers.