Market Overview

Nike Announces Location of WHQ Expansion

Related NKE
Earnings Preview: Under Armour And MGM Resorts Get Ready To Report
With Nike Back On Offense, Sell-Side Sentiment Keeps Under Armour On The Bench
Sawgrass Asset Management Llc Buys Nike, Illinois Tool Works, The Cooper, Sells Dollar Tree, ... (GuruFocus)

NIKE, Inc. (NYSE: NKE) announced today that Washington County is the preferred site for its headquarters expansion and noted that the continued support and action by state and local governments will be required. As part of this project, Nike plans to build two new buildings, expand parking and make road and other campus improvements to support the company's future growth.

“Nike is a growth company with a long history in Oregon and we look forward to continuing to grow here,” said Mark Parker, President & CEO of NIKE, Inc. “We would like to thank Governor Kitzhaber and officials from the State, the Cities of Portland and Beaverton, and Multnomah and Washington Counties for working with us to expedite and support the proposed design, planning and building of the expansion of our headquarters. We look forward to continued partnerships as we work together to bring this important project to life in Oregon.”

Since 2007, Nike's employment in Oregon has grown by nearly 60 percent. More than 8,000 Nike employees and contract workers are employed at its headquarters in Washington County.

The company plans to begin construction later this year.

Posted-In: News


Related Articles (NKE)

View Comments and Join the Discussion!