Nike NKE announced on Wednesday that it will transition out of the golf equipment business another sign that the sport is failing to draw new participants. Nike followed a similar path this week stunning many within the golf industry by pulling the plug on its equipment division.
The company will end production of clubs balls and bags a decision.
Did nike stop making golf clubs. After nearly 15 years in the golf club and ball business Nike is shutting down its production of those two equipment branches. Nike is exiting the clubmaking business. To say this was not expected is.
Nike Golf is exiting the golf club and ball business. The company said in a statement that. PING are a true engineering company who make and sell golf clubs Bridgetsone are an engineering company who make and sell golf balls in my opinion their product beats all comers if your driver swing speed is below 100mph ball fitting arms them with the science to make better product for the weekend warrior and as they say 7 out of 10 times they win thats not marketing speak that.
A day on from the announcement that the Oregon giant will stop producing clubs and balls and concentrate solely on apparel and footwear the sport continued to reel. As a sponsor and in the manufacture and distribution of golf clubs balls and bags. And Tiger Woodss golf bag is going to have a different look whenever he returns.
Nike To Stop Making Golf Clubs Nike have announced that they will no longer make golf clubs as well as golf balls and bags. In a shocking announcement. As a result Nike will stop making golf clubs bags and balls.
What does it mean for the industry Tour pros under contract with Nike and you. Seeing that Tiger was a once-in-a-gener. The company generates the bulk of its revenue from sales of golf apparel and footwear but decreased a large part.
Like Nike Adidas hopes to sell the bulk of its golf business to concentrate on its own-brand golf shoes and clothing. The decision came after years of declining sales of golf clubs balls and bags. Nike jumped into the golf industry back in 1984 developing its.
When Tiger Woods first hit the tour he was sponsored by Titelist and Nike wasnt into beyond shoes and apparel. 14 years after launching golf clubs Nike will exit the golf equipment business entirely. They will instead focus on golf shoes and apparel with the aim to partner up with more tour pros around the world.
Nike announced on Wednesday that it was exiting the golf equipment business. However another reason is that the units sales slipped 8 to 706 million for the fiscal year. Nike got out of the equipment business clubs and balls because they were losing money at it.
Last year sales within Nikes golf. Darren Rovell reports on Nikes decision to no longer make golf equipment and attributes it to the decline in golf participation as well as the economic downturn in 2008. On Wednesday Nike quietly posted some major news to its website.
No TV viewer can see what clubs or balls a pro golfers using and even if Nike does make great equipment its much harder to make that sale to the consumer. They already sponsor the likes of 14-time major winner Tiger Woods and 4-time major winner Rory McIlroy. Nike had its share of success in golf.
The company will continue to sell golf. The company launched a review of its golf business last August and wants to.