Nike is a multinational corporation that specializes in the design, development, and marketing of footwear, apparel, equipment, and services. It is headquartered in Beaverton, Oregon, in the United States. The company was founded on January 25, 1964, as Blue Ribbon Sports, by Bill Bowerman and Phil Knight. The name Nike is derived from the Greek goddess of victory. Nike designs and manufactures a wide range of shoes for a variety of activities and sports, including basketball, running, football (soccer), and tennis. It also markets products for children and young adults. In fiscal year 2017 (ending May 31, 2017), Nike had global revenues of $34.36 billion. Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment.