In Greek mythology, Nike (meaning Victory), was a goddess who personified triumph throughout the ages of the ancient Greek culture. The Roman equivalent was Victoria. Depending upon the time of various myths, she was described as the daughter of Pallas (Titan) and Styx (Water), and the sister of Kratos (Strength), Bia (Force), and of Zelus (Rivalry). Nike and her siblings all became described as attendants of Zeus when his cult gained the position of the dominant deity of the Greek pantheon and the roles of older deities were changed in new myths. According to classical (later) myth, Styx brought them to Zeus when the god was assembling allies for the Titan War against the older deities. Nike assumed the role of the divine charioteer, a role in which she often is portrayed in Classical Greek art. Nike is seen with wings in most statues and paintings. Most other winged deities in the Greek pantheon had shed their wings by Classical times. Nike is the goddess of strength, speed, and victory. Nike was a very close acquaintance with Athena goddess of wisdom. Nike is one of the most commonly portrayed figures on Greek coins.

That means that the company knew full well what it means before deciding on the name. In my opinion it wouldn't be correct for Muslim to wear such apparel. It would be the same as having a sweater with "Jesus for Lord" or 'Jah Bless" on it.