Market researchers NPD Group put out a release saying that golf retail “experienced a significant uptick in sales over the last 12 months.” Thanks reader JA for catching this bit of good news for the golf business:
Golf sales in the mass/sporting goods retail space generated $2.6 billion and grew by 8 percent in the 12 months ending November 2018, after facing declines the year prior, according to The NPD Group.
"The macro environment for golf has been in a turbulent state, fueled by Golfsmith's bankruptcy, major brands cutting back on their golf business, and courses closing. But today, we're starting to see normalization in the market as those deep holes are now being filled," said Matt Powell, vice president and senior industry advisor, Sports, The NPD Group. "Major sports retailers are now investing in golf to pick up some of the business, and brands are also placing emphasis on the category to spur innovation."
All golf product categories grew in the last 12 months. Comprising around 50 percent of total market sales, golf clubs grew by +7 percent. Sales increases were also seen across balls (+6 percent), gloves (+7 percent), accessories (+21 percent), and training aids (+13 percent).
Yes, someone tracks training aid year-to-year sales.