Nike to Exit Golf Equipment Business, Tiger Woods to Search for New Clubs
Thursday, August 04, 2016
Nike Golf is dropping its equipment business including clubs, balls and bags and according to a report for Golf Digest, Tiger Woods (and likely several others) will search for new clubs.
Tiger Woods signed with Nike upon turning pro in 1996. A few short years later, Nike started selling golf balls in 1999 and introduced their first set of clubs in 2002. Tiger played the U.S. Open at Pebble Beach with the new clubs and won the tournament by 15 strokes.
However, recently the brand has struggled, having reported its annual sales in its overall golf business to be $700 million over the last two years. Nike’s sales in 2013 and 2014 were almost $800 million.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTCoincidentally, or maybe not, Nike’s announcement and decline in sales comes at a time where Tiger Woods has not competed in a tournament in almost two years and Rory McIlroy has not won a PGA Tour event this season.
GoLocal Teams with Graphiq to show a timeline of Tiger Woods Career.
Nike Not Leaving Golf Completely
While Nike will no longer sell clubs, balls or bags, they will still look to sell apparel like shirts and hats as well as step up their footwear sales.
“We’re committed to being the undisputed leader in golf footwear and apparel,” said Trevor Edwards, president of Nike Brand in a press release.
While Nike is in a sense exiting the game of golf, it will be interesting to watch the number of tour pros (Nike has about 16 of them) will be leaving Nike.
Here is a look at the Nike executives and Nike’s stock.
Related Slideshow: 10 Great Public Courses to Play Golf
Related Articles
- Dear John: Pro Golfer Wants To Play Her
- CVS Classic Attracting Top Golfers
- CVS Caremark Charity Classic Hosts Golf Clinics For Veterans
- Getting Out: 10 Great New England Golf Courses + Mini Golf Spots
- CVS Caremark Charity Golf Tournament Field, Events Announced
- Southern NE Golf Expo Coming in February
- Vermont Native Shocks The Golf World!
- Best Mini Golf in RI
- NEW: PGA.com Names RI Golf Course in Top 10
- NEW: Channel 12 Caught Using Staged Footage From Golf Tournament
- NEW: 150+ Top Young Women Golfers Coming to Barrington
- Moses Brown Fr. Dickson Shoots 67, Leads RIIL Golf Championship
- Dickson, Moses Brown Sweep RIIL Golf State Championships
- 33 Golfers Set to Take Part in 100 - Hole Golf Marathon
- URI Alum Henderson Named 62nd PGA Golf Professional of the Year
- URI & Bryant Golf Coaches Set to Enter RI Golf Hall of Fame
- The Players Championship & One of Golf’s Most Famous Holes
- Golf’s #1 Player is Latest in List of Athletes Pulling Out of Olympics Due to Zika Virus
- 23rd Annual Pizzuti Open Golf Tournament Set For July 31
- 10 Great Public Courses to Play Golf
- 9 RI Golfers Competing in 2014 Northeast Amateur at Wannamoisett
- Top RI Golfers Set for Match Play at Montaup CC
- The $20 Million Preserve OPEN, is Announced and Dubbed, “Greatest Day in Golf”
- BENRUS Open is the Next Evolution in Golf
- GoLocalTV: Jeffrey Osborne Celebrity Softball Game & Golf Classic Set for August
