Sports giants hit by swing away from golf
Nike to exit market, while Golfsmith retail chain struggles
Nike’s decision earlier this week to stop selling golf equipment and a possible bankruptcy filing by the Golfsmith retail chain are raising concerns that the declining popularity of the sport is taking a toll on the companies that thrive on it.
The number of US golfers dropped to 24.1 million in 2015 from a peak of 30.6 million in 2003, during the height of Tiger Woods mania, according to the National Golf Foundation....
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures