Nike was founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman. It initially operated as a distributor for Onitsuka Tiger shoes but began its own line of footwear called Nike in 1971. Nike designs, develops, and markets high-quality sports apparel, equipment, and accessories. Its headquarters are in Washington County, Oregon, and it employs over 34,400 people worldwide, generating $19.2 billion in annual revenue. Nike's vision is to inspire athletes around the world through innovation.