Though Nike dropped nine spots in this year’s Global 500, the sportswear powerhouse grew its revenue and profit and maintained its status as the world’s largest supplier of athletic apparel. A sales partnership with Amazon and Instagram also expanded Nike’s digital reach, much to the chagrin of its brick-and-mortar retail partners. Still, Nike has room for concern. Competition with Adidas, Under Armour and Puma remains fierce, and it looks highly unlikely Nike will hit its ambitious target of $50 billion in sales by 2020. Plus, questions over the company’s leadership have emerged in recent months. Allegations of harassment and discrimination against Nike’s female employees resulted in the departures of 11 top executives.
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