Nike creates the Exeter brands institution, an entirely owned subsidiary for athletic footwear and clothing brands for lower fee points. Brands consist of Starter, team Starter, Asphalt, Shaq, and Dunkman.
Annual sales exceed $12.25 billion
Nike reports annual sales for fiscal year 2005 (finishing can also 31) of $13.74 billion, a 12% increase over the previous fiscal 12 months.
Nike signs Tennis seasoned Rafael Nadal.
Nike enters the cricket market with a 5-yr sponsorship of the Indian cricket team for US$43m.
CEO William Perez leaves Nike on January 23, 2006. Perez said inside the statement that he and Knight “weren’t totally aligned on a few elements of the way to pleasant lead the employer’s long-term increase. It became apparent to me that the long-term pastimes of the organization might be quality served by way of my resignation.”
Mark Parker replaces Perez as CEO. Parker were emblem co-president of the business enterprise, and joined Nike in 1979.
Nike and Apple release the Nike+iPod sports activities package, enabling runners to log and display their runs thru iTunes and the Nike+ website.
Nike reports annual sales for financial yr 2006 (ending may 31) of $15 billion.
Nike introduces the second Coming, a set of NBA basketball players who first-rate constitute the Nike Basketball.
Nike introduces AF25, after 25 years of Air force shoe line.
Nike sells its Nike Bauer hockey device department.
Nike introduces shoes providing new Flywire and Lunarlite Foam materials. Flywire is a new era made up of thin wires of vectran fibers, which might be 5 instances stronger than steel and never lose energy. Lunar Foam is a fabric evolved by NASA that gives the shoe fantastic surprise absorption and a fantastic experience with minimal weight.
Nike reviews annual sales for financial 12 months 2008 (ending may 31) of $18.6 billion, a 14% increase over the preceding economic 12 months
Dwyane Wade moves from one Nike subsidiary to every other, switching from speak to Jordan emblem.