Businessweek reported yesterday that Golf Galaxy, a chain owned by Dick’s Sporting Goods, announced that sales at the company’s 79 stores dropped 10 percent in the past quarter.
And golf revenue has continued to drop ‘in the low teens’ in the current period vs. the year-earlier quarter.
Golf Galaxy Chief Executive Officer Edward Stack said the sport is ‘unpredictable’ at the moment. “We really don’t know what the bottom is in golf,” he said on an earnings conference call. “The industry has a real issue.”
Participation year-to-date is way down as well.
The National Golf Foundation stated that 2014 golf rounds dropped 3.6 percent in January, 4.6 percent in February, and a staggering 23 percent in March.Read the full Bloomberg Businessweek story here.
Of course, the readers of this site love the game. But overall, is golf sliding into nothingness in America? Have free-time interests, the economy, the internet, and changes in work and family life left golf to die a slow, painful death?
Or is this simply a golf retailer saturation issue and a month of bad-weather this March?
Can the game itself be revived to its past glory?
We welcome your thoughts in the comments…