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The Nike Cortez is the first track shoe released by Nike in 1972, and is therefore thought to be a significant aspect to the success of the company. The Nike Cortez was first designed by Nike co-founder Bill Bowerman , [ 2 ] aiming to produce a comfortable and durable running shoe for distance training and road running.
The following year, Nike teamed up with Off-White and Serena Williams to create the "Queen". This shoe has a wolf grey upper, while the heel and tongue are white. Its mid-sole is pink and purple with a fade effect and a black swoosh. [10] In October 2018, Nike and Off-White teamed up to create two new Nike Blazer shoes.
Nike opens its world headquarters in unincorporated Washington County, just west of Portland, on 74 acres (0.3 km 2) of land. 1993 Nike introduces Reuse-A-Shoe, which collects athletic shoes, Nike wins Advertiser of the Year at the Cannes Advertising Festival.
Consumers started to collect, trade and resell sneakers in the 1970s, and the sneakerhead subculture came to prominence in New York City during the 1980s. Sneakers such as the Adidas Superstar and Puma Suede were popularized by b-boys and hip-hop artists, [4] and Nike's Air Jordan line revolutionized the industry with its marketing linked to superstar basketball player Michael Jordan.
By the 1960s the company had captured about 70 to 80 percent of the basketball shoe market, but the shoe declined in popularity during the 1970s when basketball players wore competing brands. Chuck Taylor All Stars enjoyed a comeback in popularity in the 1980s as retro-style casual footwear. [1] [2]
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
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