Equipment makers battle a downturn

Posted 8/13/2008 - 9:50 PM : Viewed 9332 times.
From Source :  www.golfweek.com

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Equipment makers and retailers are offering promotions, price cuts and new products to jumpstart what is fast becoming one of the worst years in a decade for the retail sector.

That grim conclusion – drawn by many leaders from the pro shop and off-course retail fronts – was further supported by recent quarterly results released by industry bellwethers Callaway Golf and Acushnet Co., which owns the Titleist, Cobra, FootJoy and Pinnacle brands.

For the second quarter, usually one of the strongest for equipment companies, Acushnet and Callaway cited double-digit declines in U.S. sales. (These setbacks, however, were offset partially by international sales gains.)

Retailers and analysts say consumer spending domestically has stalled over concerns about an economy wracked by foreclosures and soaring fuel prices. Adverse weather has limited rounds played in key areas, which also is affecting equipment sales, they say.

Another persistent complaint: USGA restrictions are hinderi......

 

Equipment makers battle a downturn
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He’s a six-time Grammy winning solo artist with six number one songs to his credit. His first album with his boy-band ‘N Sync sold 11 million copies. His partnerships are well known: Brittany Spears. Cameron Diaz. Jessica Alba—and cover your kid’s eyes—Janet Jackson. We’re talking of course abou......
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Posted 11/12/2008 - 3:32 PM : Viewed 13959 times.
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Callaway Golf said it has won a court order permanently halting sales of Acushnet Co.’s Titleist Pro V1 golf balls, which Callaway argued infringed on patents that it holds. The Pro V1 is one of the most popular golf balls made and is widely used worldwide by tour professionals and amateurs alike......
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Callaway wins court order over golf ball patent

Posted 11/11/2008 - 1:31 AM : Viewed 17288 times.
From Source :  www.sportsline.com

Callaway Golf said it has won a court order permanently halting sales of Acushnet Co.'s Titleist Pro V1 golf balls, which Callaway argued infringed on patents that it holds. Acushnet said it will appeal the ruling, and has converted production of the golf balls so that they are outside the patent......
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In a press release, Callaway Golf (NYSE: ELY) announced that it has signed former NSYNC'er and current pop prince Justin Timberlake to an endorsement deal.

Posted 11/3/2008 - 3:42 PM : Viewed 21918 times.
From Source :  www.bloggingstocks.com

In a press release, Callaway Golf (NYSE: ELY) announced that it has signed former NSYNC'er and current pop prince Justin Timberlake to an endorsement deal. Timberlake, who currently hosts the PGA Tour's Justin Timberlake Shriners Hospitals for Children Open, will "play a full complement of Callaw......
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Timberlake signs endorsement agreement with Callaway Golf

Posted 10/29/2008 - 1:35 PM : Viewed 20622 times.
From Source :  www.pga.com

Callaway Golf has reached an agreement with pop star Justin Timberlake to endorse and play Callaway Golf equipment and carry a Callaway branded golf bag, company officials have announced. Terms of the contract are not being disclosed. A 6 handicap, the 27-year-old Timberlake is the host of the P......
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Callaway Golf Lays Off 154

Posted 10/28/2008 - 10:51 PM : Viewed 20789 times.
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Carlsbad-based Callaway Golf laid off 154 employees Oct. 18. The layoffs were announced in August, said company spokeswoman Michele Szynal. She attributed the layoffs to Callaway consolidating its manufacturing and improving on processes. Callaway, which manufactures golf balls and clubs, reports......
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Callaway Golf introduces sixth edition of its best-selling X-22 Irons

Posted 10/25/2008 - 12:22 AM : Viewed 11631 times.
From Source :  www.pga.com

Callaway Golf Company has unveiled its new X-22 irons. The irons represent the sixth edition of the company's best-selling X-Series line of irons that was introduced in January 1998. Features and benefits include: Complete Inertial Design -- A long-standing Callaway Golf design principle tha......
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Callaway lowers its full-year guidance

Posted 10/17/2008 - 9:59 AM : Viewed 13230 times.
From Source :  www.golfweek.com

Shares of Callaway Golf Co. dropped Oct. 15 after the equipment manufacturer cut its full-year profit guidance and said it will report a loss in its third quarter. Shares slid $1.93, or 16.3 percent, to $9.94 in afternoon trading. After the market closed Oct. 14, Callaway warned investors that......
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Callaway Golf Company Releases Preliminary Third Quarter 2008 Results

Posted 10/16/2008 - 3:35 PM : Viewed 20085 times.
From Source :  biz.yahoo.com

Callaway Golf Company (NYSE:ELY - News) today announced that, based on current information, the Company’s net sales for the third quarter of 2008 are estimated to be $213 million compared to $236 million in 2007. Management also estimates that the third quarter loss per share is expected to range fr......
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Chicopee utility woos Callaway

Posted 10/14/2008 - 2:08 AM : Viewed 16478 times.
From Source :  www.masslive.com

City officials are trying to get Callaway Golf Co. to buy its electricity from the municipal Chicopee Electric Light. But Paul D. Waterman, plant manger at the Meadow Street company said Callaway won't make a decision until it can compare the costs between its current provider, Western Massachus......
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