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Back to #418 Phil Knight: Founder of Nike, with David Senra.

What Was the First Nike Store Like?

David Senra says the first Nike store was a sanctuary for runners. Jeff Johnson opened it after hitting sales targets Phil Knight set, and the store celebrated runners instead of only selling them shoes.

Johnson kept a Rolodex of customers. In a new city he looked up who lived there and knocked on the door. Many of the buyers were college kids or even younger. The kid was often out, and the parents invited Johnson to dinner, so the buyer came home to find his shoe salesman eating with his parents. Johnson kept telling Knight they needed a store. Knight set ambitious sales targets and said Johnson could open the store if he hit them. Johnson hit them. He bought the most comfortable chairs he could find at yard sales, built a place for runners to hang out and talk, and filled shelves with books every runner should read, many of them first editions from his own library. Services ran Monday through Saturday, 9 to 6.

No such sanctuary for runners had existed. Senra says celebrating runners and their shoes is a key to Nike's marketing. Johnson, who Senra calls the aspiring cult leader of runners, finally had his church.

Grokipedia·David Senra·Phil Knight

Transcript

#418 Phil Knight: Founder of Nike ·

Founders

More from this episode

  1. Why Did Phil Knight Ignore His Father's Advice?David Senra says Phil Knight ignored his father's advice to stop selling shoes, and Senra calls that one of the most important decisions Knight ever made.
  2. How Did Phil Knight Start Nike?David Senra says Nike started when one Japanese company sent Phil Knight 12 pairs of running shoes to sell in Oregon. About a year later, the shoes arrived.
  3. How Long Did Phil Knight Keep His Day Job?David Senra says it takes like seven years for underfunded Blue Ribbon to afford Phil Knight quitting his day job, and he thinks Knight spent like 14 hours a…
  4. How Did Bill Bowerman's Jogging Book Grow Nike?David Senra says Bill Bowerman's book Jogging sold millions of copies and grew the market for Nike by celebrating running, at a time when people did not go…
  5. Why Did Phil Knight Teach at Portland State?David Senra says Phil Knight taught at Portland State because Blue Ribbon could not pay its co-founder a salary.
  6. What Happened to the $8,000 Loan When Nike Went Public?David Senra says Phil Knight converted an $8,000 loan from an employee's parents into Nike stock worth $1.6 million.
  7. What Happened When Onitsuka Found Out About Nike?David Senra reads Phil Knight's account of the day Onitsuka found out about Nike and cut the company off earlier than he was ready.
  8. Why Did Phil Knight Feel Guilty as a Father?David Senra says Phil Knight felt the guilt was palpable, because every minute spent on Nike came at the cost of his family.
  9. Should I Settle for a Career in My Mid-20s?David Senra, reading the close of Phil Knight's Shoe Dog, says men and women in their mid-20s should not settle for a job, a profession, or even a career.

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