I have previously said, and am pretty sure everyone would agree, 2020 was a crazy year. We now need to have quick look at events from the worst of conditions in order to plan for what happens next.
While lockdown #1 effected the various regions differently, Golf lost nearly a 1/3rd of a year to COVID, and, while general retail lost even more, it really has been a bumpy ride for golf retailers. We hit a low in May, with retail sales, year to date, down 54% in value. However, a resurgence in the popularity of Golf, due to its COVID compliance, saw golfers, new and old, loving the game and spending their money. At year end, the speciality golf channel recovered to be only 10% down on the previous year. All things considered, this was an amazing result.
Continue reading “Don’t panic! 2021 could still be great”