- Nike, Inc., headquartered in Beaverton, Oregon, is a leading global apparel and footwear company, reporting third quarter revenues of $11.3 billion for fiscal 2026, which remained flat on a reported basis and down 3% on a currency-neutral basis.
- In the past year, Nike has been undergoing a significant turnaround under CEO Elliott Hill, with a focus on improving business health, although its gross margin decreased by 130 basis points to 40.2% in Q3 2026.
- Key customers include major retailers like Amazon, as Nike has recently returned to wholesale partnerships, while also facing challenges in its Greater China market, which is expected to see a 20% decline in sales this quarter.
- Nike's ideal buyer includes retail partners and distributors looking for high-quality athletic apparel, as the company aims to address declining digital sales and improve overall market performance amidst changing consumer behaviors.
Nike's workforce is structured across 19 departments, with a notable concentration in Operations, which employs 3,664 individuals. Sales and Executive departments also represent significant headcounts, with 2,399 and 2,005 employees, respectively. This distribution indicates a strong emphasis on operational efficiency and leadership, while other departments like Information Technology and Engineering further support the company's innovation and technological needs.
Nike's workforce is geographically diverse, with a significant presence in Beaverton, Oregon, housing 4,941 employees. Other key locations include Costa Mesa, California, with 1,393 employees, and Portland, Oregon, with 696 employees. The 'Other' category accounts for a substantial 17,103 employees, suggesting a distributed workforce model that enhances operational flexibility and market reach across various regions.
