Nike Golf to Stop Selling Equipment as Tiger Fades

The video discusses the exit of Nike and Adidas from the golf equipment market, highlighting the challenges faced by the golf industry, such as demographic shifts and economic downturns. It explores the impact of Tiger Woods on Nike's golf business and the potential sponsorship opportunities for other golfers. Callaway's market position is examined following Nike's exit, and Nike's strategic focus on footwear and apparel is explained.

Why are companies like Adidas and Nike pulling out of the golf equipment business?

• To focus on expanding their golf equipment lines

• Because of a shrinking market and strategic challenges

• To invest more in golf courses

• Due to a lack of interest in golf apparel

What role did Tiger Woods play in Nike's golf business?

• He was a competitor to Nike

• He was the reason Nike entered the golf business

• He was a minor sponsor for Nike

• He designed Nike's golf equipment

What demographic challenge is the golf industry facing?

• An increasing number of young players

• A surge in golf course openings

• An aging player base with fewer new golfers

• A growing interest in golf among women

How does Nike's exit from the golf equipment market affect Callaway?

• It reduces competition for Callaway

• It increases competition for Callaway

• It forces Callaway to exit the market

• It has no impact on Callaway

Why does Nike continue to focus on footwear and apparel?

• Because they are less profitable than equipment

• Because they are easier to manufacture

• Because they align better with Nike's core business

• Because they require more engineering