Posted on 07/27/2014 12:02:25 PM PDT by Red in Blue PA
“We are selling drivers in our stores this spring for $99 that were $299 approximately 21 months ago,” Stack said during a conference call with analysts, according to a transcript.
Sales volume for men’s drivers was down 2% in the first quarter, he added, but the average price of those clubs fell 16%.
Analysts largely attribute the weakening golf market to the dwindling number of people playing the sport. The National Golf Foundation estimates that 400,000 U.S. golfers left the game in 2013. According to a survey from the Sports & Fitness Industry Association, the number of individuals who golfed at least once dropped 2.5% year-over-year, the fifth consecutive year that showed a decline.
(Excerpt) Read more at foxbusiness.com ...
Yes, it is.
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