Golf is Suffering from an Exodus of Golf Players - Golf is suffering from an exodus of players, and courses are closing. The number of U.S. golfers has dropped 24 percent from its peak in 2002, to about 23 million players last year, according to Pellucid, a consulting company that specializes in the business of golf. It found that in 2013 alone, the game lost 1.1 million players.
Given the sport’s costs and inherent difficulty—while a video game on a smartphone can be mastered in as little as a few hours, golf can require years of practice to play well—that slide is unlikely to end anytime soon.
Given the sport’s costs and inherent difficulty—while a video game on a smartphone can be mastered in as little as a few hours, golf can require years of practice to play well—that slide is unlikely to end anytime soon.
“The game is hard, the game can take a lot of time, and it’s expensive,” says McRedmond Morelli, founder of Boxgroove in Bellevue, Wash., which gives its 50,000 members access to a network of private golf clubs.
“There is no equivalent to the bunny slope on golf.”
Golf is Suffering from an Exodus of Golf Players
Slow golf equipment sales over the past 15 months have created a glut of inventory at wholesale and retail outlets, forcing them to slash prices. Dick’s Sporting Goods (DKS) was selling some drivers, priced at $299 just 20 months earlier, for $99, Chief Executive Officer Ed Stack said on an investor call on May 20.
That day, Dick’s reported it missed its golf gear sales target by about $34 million in the first quarter. The news helped send the retail chain’s stock down 18 percent, its worst one-day tumble since the company went public in 2002. “We don’t feel we’ve found the bottom yet in the golf sales number,” Stack said.
Although an especially cold winter and the sluggish economy are no doubt part of golf’s problem, a generational shift is a bigger cause for concern. “The baby boomers were supposed to be the salvation of golf,” says Jim Koppenhaver, president of Pellucid, but they have yet to take up the slack. “We’ve got to find a way to stem the decline in the golfer base,” he says. His company’s research shows the number of golfers today is lower than in 1990, even though the U.S. population is 27 percent greater.
Koppenhaver calls the traditional 18-hole round “an anachronism,” requiring about six hours “door-to-door,” including more than four on the course. Nor does the pastime have the social currency it once held. Explains Gerald Celente, publisher of marketing magazine Trends Journal: “Everybody’s hooked up to their handhelds, so [today] it’s social networking instead of sports.”
Those sticking with the sport are playing fewer rounds. U.S. golfers played a total of 462 million rounds last year, according to researcher Golf Datatech. That was the fewest since 1995. Says Morelli: “All the people under 35 are leaving the game.”
To attract more casual players and expand revenue, particularly among younger people, clubs are rethinking some of the sport’s tenets. The U.S. Golf Association, the PGA of America, and Golf Digest have launched a “Time for Nine” campaign to counter complaints that the traditional 18-hole game takes too much time. And some clubs are adding attractions such as yoga and hovercraft rides.
Clubs in more than 30 states, including the PGA Country Club in Port St. Lucie, Fla., are even trying FootGolf, a combination of golf and soccer designed to capitalize on the growing popularity of the latter. The game is played with a regulation No. 5 soccer ball on a course with shortened holes and 21-inch cups. Wearing knee-high argyle socks is recommended.
The professional and marital decline of Tiger Woods, once the public face of golf, hasn’t helped. With neither Woods nor Phil Mickelson playing on the weekend at the Masters this spring, only 7.8 percent of U.S. television households tuned in—the tournament’s lowest TV rating since 2004, according to Nielsen. That was a 24 percent decline from the 2013 finale, when Woods and Mickelson played and 10.2 percent watched. (Latest golf news article source: Bloomberg)
TaylorMade, a golf equipment maker owned by Adidas (ADS:GR), reported a 34 percent drop in sales in the first quarter. And Callaway Golf (ELY), maker of the Big Bertha driver, delivered its own dim forecast in April, warning that full-year profit could come in at the low end of its previous estimate. “We anticipate a heavy promotional environment while the industry works through excess inventory,” CEO Chip Brewer told investors. Callaway hasn’t reported an annual profit since 2008.
Although an especially cold winter and the sluggish economy are no doubt part of golf’s problem, a generational shift is a bigger cause for concern. “The baby boomers were supposed to be the salvation of golf,” says Jim Koppenhaver, president of Pellucid, but they have yet to take up the slack. “We’ve got to find a way to stem the decline in the golfer base,” he says. His company’s research shows the number of golfers today is lower than in 1990, even though the U.S. population is 27 percent greater.
Koppenhaver calls the traditional 18-hole round “an anachronism,” requiring about six hours “door-to-door,” including more than four on the course. Nor does the pastime have the social currency it once held. Explains Gerald Celente, publisher of marketing magazine Trends Journal: “Everybody’s hooked up to their handhelds, so [today] it’s social networking instead of sports.”
Where Have All the Golfers Gone?
Overbuilding in the 1990s led to a surfeit of courses as the growth that operators anticipated never materialized. Only 14 new courses were built in the U.S. in 2013, while almost 160 shut down, the National Golf Foundation reports. Last year marked the eighth straight year that more courses closed than opened.Those sticking with the sport are playing fewer rounds. U.S. golfers played a total of 462 million rounds last year, according to researcher Golf Datatech. That was the fewest since 1995. Says Morelli: “All the people under 35 are leaving the game.”
To attract more casual players and expand revenue, particularly among younger people, clubs are rethinking some of the sport’s tenets. The U.S. Golf Association, the PGA of America, and Golf Digest have launched a “Time for Nine” campaign to counter complaints that the traditional 18-hole game takes too much time. And some clubs are adding attractions such as yoga and hovercraft rides.
A $70 Million Rec Center Brings Indoor Surfing, Golf to North Dakota
Then there’s Hack Golf, a movement to identify the parts of golf that aren’t fun and fix them. A standard cup is 4.25 inches in diameter, often making even short putts difficult to sink. Some courses have added wider holes to make the sport faster and easier, with a Golf.com story in April asking, “Could a 15-inch hole be the answer to golf’s growth problem?” TaylorMade in April sponsored a 15-inch cup tournament. The brand also co-sponsors a website with the PGA, hackgolf.org, with the goal of “crowdsourcing the future of golf.” The site has elicited 1,471 ideas. A recent suggestion: smartphone apps to reserve tee times, pay for services, and communicate with the pro shop.
The professional and marital decline of Tiger Woods, once the public face of golf, hasn’t helped. With neither Woods nor Phil Mickelson playing on the weekend at the Masters this spring, only 7.8 percent of U.S. television households tuned in—the tournament’s lowest TV rating since 2004, according to Nielsen. That was a 24 percent decline from the 2013 finale, when Woods and Mickelson played and 10.2 percent watched. (Latest golf news article source: Bloomberg)
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