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Based in Portland, Oregon, Nike remains the global market leader, with annual sales of almost $21 billion against $17 billion for Adidas. In 1964, Nike was founded by track-and-field athlete Phillip Knight, looking for a way to earn a living. Other early innovations by Nike included a nylon-topped running shoe, and a cushioned midsole that covered the whole length of the shoe. By 1978, Blue Ribbon Sports officially changed it’s company name to Nike Air Max 2009, and sales were booming. Nike aggressively pushed their image, especially seeking to increase their visibility by having famous and upcoming athletes wear Nikes shoes.

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