Category: Business
Golf is big business. The most recent figures shows that the golf economy comes to more than $60 billion. Compare that the movie industry’s $57 billion. That’s bigger than the Gross Domestic Product of Peru, Romania, Ukraine or Morocco. How big has golf become? In 1958, Arnold Palmer was the PGA Tour money leader, with $42,000 in winnings. In 2005, Vijay Singh won a little over a million in just two tournaments. This section is devoted to the business of golf.
The State of Golf
Every January, the President of the United States makes a speech to the US Congress reporting on the "State of the Union." August seems like a good time for a report on the state of golf. Here's an interesting one.
Rounds Up In First Quarter
The National Golf Foundation reports that the number of rounds played is up 5.3% in the first quarter.
Slazenger Tries To Reestablish Rep
An article on how Slazenger is trying to strengthen its brand name.
Callaway Golf Balls Finally Show Profit
Since 2000, Callaway has been losing $20 million a year on its golf ball business, so a 1st quarter profit of $1 million is a big deal. Full story here.
