Nike completes 3% investment target for fifth straight year

15 Sep '05

1 min read

Oreland based famous footwear seller Nike Inc's that in its fiscal year ending May 31, 2005, it contributed $46.1 million in cash, product and in-kind services to non-profit organizations and community partners around the world, meeting or exceeding its annual target of investing three percent of the company's pre-tax earnings for the fifth consecutive year. The total contribution represents 3.2 percent of the company's prior fiscal year 2004 pre-tax profit and served more than 4,500 charitable organizations.

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Wholly owned Nike subsidiaries include Converse Inc, which designs, markets and distributes athletic footwear, apparel and accessories.

Bauer NIKE Hockey Inc, a leading designer and distributor of hockey equipment; Cole Haan, a leading designer and marketer of luxury shoes, handbags, accessories and coats; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories and Exeter Brands Group LLC, which designs and markets athletic footwear and apparel for the value retail channel.

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