Golf Market Stuck in Bunker as Thousands Leave the Sport: Retail
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The golf industry is in the rough.
Once the go-to activity for corporate bonding, the sport is suffering from an exodus of players, a lack of interest among millennials and the mass closure of courses. The tangled personal life of Tiger Woods, who for years was golf’s biggest ambassador, also hasn’t helped. All that has taken a toll on the companies that make and sell golf equipment, including Dick’s Sporting Goods Inc. and Callaway Golf Co.