Nike, Inc. is a leading global designer, manufacturer and distributor of athletic footwear, apparel, accessories and equipment for many sports and fitness activities. The company was founded in January 1964, under the name Blue Ribbon Sports and officially became Nike on May 1978. The company markets its products under the Nike brand, as well as Nike Pro, Nike Golf, Nike +, Nike Skateboarding and Air Jordan. In addition, Nike operates retail stores under the name Niketown. Nike sponsors many athletes and sports teams around the world.
As of 2013, Nike owns two subsidiaries Converse Inc. and Hurley International. Converse specialises in the design, marketing and distribution of sports footwear, apparel and accessories, while Hurley in the design, marketing and distribution of footwear, apparel and accessories for extreme sports and youth lifestyle. According to analysts, Nike has almost a 95% market share of the basketball shoes industry in the US. The brand is estimated to be worth $10.7 billion and it is the most valuable brand name in the sports industry. As of September 2013, Nike is a component of the Dow Jones Industrial Average.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.