Business news

[jonnygrouville]

Not necessarily classic, but interesting. From the Lex column in the FT;

 

"Similar results were seen at Adidas, which is reviewing the future of its Taylor Made golf unit. But earlier this month, equipment maker Callaway Golf said inventories had declines by 13 percent. It slowed the introduction of new products, bringing demand and supply into better balance."

 

[SteveNZ]

Not necessarily classic, but interesting. From the Lex column in the FT;

 

"Similar results were seen at Adidas, which is reviewing the future of its Taylor Made golf unit. But earlier this month, equipment maker Callaway Golf said inventories had declines by 13 percent. It slowed the introduction of new products, bringing demand and supply into better balance."

 

Jonny - are you on Twitter? If so, you should follow (if you don't already) @secrettourpro. Lots of good info on the business side of golf, and much more besides...

[jonnygrouville]

Not on Twitter, no. Does sound good. Interesting that inventory can be worrying for these big companies.

 

[W C Franco]

I wonder if we'll see a return to business practice as in the good old days when World domination was not the ultimate prize and companies operated like families,earning a profit,keeping people employed and producing a quality product at a sensible price.

Long term I guess it will have to happen when Chinese workers realise they are being rogered senseless by major OEM and wages increase to the point where it's no longer financially viable to have stuff made thousands of miles away and shipped to domestic markets,not in my lifetime I'm sure but I'm sure that the wheel will turn full circle one day.

[mocokid]

the blokes who owned these golf companies all cashed in BIG TIME by going public. Now the companies pay the price trying to post quarterly earnings to keep investors satisfied. Private cos unfortunately don't always have the capital and size to compete with Mega Golf Co.