Nike is a brand name synonymous to shoes. It's a household name that has accumulated billions in revenue since its humble beginnings. It's everybody favorite shoe company. Nike was founded in 1962, by Bill Bowerman and Phil Knight in the trunk of Knight's car and was originally started as Blue Ribbon Sports. Nike emanated from two sources: Bill Bowerman's quest for lighter, more durable racing shoes for his University of Oregon runners, and Knight's search for a way to make a living without having to give up his love of athletics. The name 'Nike' was established in 1972 after the winged Greek goddess of victory.
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