In August,
the sports giant, Nike, announced that they would no longer be producing golf
equipment. This comes as a big surprise as Nike Golf has been a huge part of many major victories over the past 20 years. Having two powerhouse players
such as Tiger Woods and Rory McIlroy under their belt, you would assume they
were in safe ground. However, with
Woods' injuries and absence in tournament play for over a year now, this may
have contributed to Nike’s decision.
Nike released
big profits overall in the last year, however, the one thing that stuck out was
Nike Golf’s $91 million loss: the loss that has been continuous throughout the
years. The general public are just more interested in purchasing Titleist or
Taylormade clubs than risk changing to Nike equipment. Nike has also been known
for vibrant coloured equipment from red to blue to lime green. I personally
found the colour schemes for their clubs to be too obnoxious and tacky for the
golfing industry…maybe the colours are more suited for the soccer or basketball
industry, but not golf.
One of the biggest
golf club equipment companies, Titleist, have a common routine on how they market
their golf clubs. They find young players who have potential and get them
signed up for a low cost. Nike, on the other hand, wait for the players to become established
within the golfing world and then sign them with a lot of money involved. For example, Rory McIlroy signed
with Nike Golf when he was right at the top and then when he started using Nike
Golf Equipment, his game deteriorated rapidly, which was very bad publicity for
Nike Golf.
Nike is
going to continue selling and marketing golf clothing which the article below will illustrate. However, this leaves Rory McIlroy and Tiger Woods now
open to sponsorship for golf clubs. Which company will sweep them up?
No comments:
Post a Comment