Sports firm enters crowded golf market in tough times.Is it a duffer move or the wily strategy of an old pro? Westlake Village-based Pacific Sports Holdings has landed an exclusive licensing agreement with venerable European ski maker Head to take a shot at the crowded golf equipment market. Under the agreement, Pacific Sports will design and produce clubs that use new technology to improve the game of struggling golfers. The flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. line will range from $199 for fairway woods to $800 for a set of titanium titanium (tītā`nēəm, tĭ–) [from Titan], metallic chemical element; symbol Ti; at. no. 22; at. wt. 47.88; m.p. 1,675°C;; b.p. 3,260°C;; sp. gr. 4.54 at 20°C;; valence +2, +3, or +4. irons. "We're not after the Freddie Couples of the world," said Pacific Sports CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jim Moodhe. "We're after people with problems who want to improve their game without spending hours and hours on the driving range." But it could be tough to find success in a market flooded with several hundred equipment manufacturers, especially while existing industry titans such as Callaway, Taylor Made Golf Co. and Cobra Golf Inc. are seeing sales sink. Industrywide in·dus·try·wide adv. & adj. Throughout an entire industry: sales that have decreased industrywide; industrywide cooperation. , sales of golf equipment plummeted by roughly $1 billion to $2.5 billion in 1997, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the National Sporting Goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport Association in Mr. Prospect, Ill. "It's certainly a tough time for anybody to make inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ . The market overproduced so there's lots of inventory," said Evan Rotham, editor of the New York-based trade magazine, Golf Retailer. "People thought that golf was undergoing a wild boom, but it only had a small jump. It wasn't the growth that was predicted." Still, the popularity of the game has grown dramatically in recent years thanks in part to the appeal of Tiger Woods To reach those high handicappers, Moodhe said Pacific Sports will employ an aggressive print campaign, a.s well as television commercials featuring game show host Bob Eubanks, a founding member of Pacific Sports Holdings and a member of its board. He believes the new products will find a niche in the golf market. "A small company can compete with the big guys," Eubanks said. "We've seen companies in the past three years do it and that's why we're enthused." The Pacific Sports line - called Head FI Maraging Irons and Woods - features titanium clubs with a thinner face and brazed alloy alloy (ăl`oi, əloi`) [O. Fr.,=combine], substance with metallic properties that consists of a metal fused with one or more metals or nonmetals. insert to increase the distance of drives, and a lowered center of gravity to help launch the bail with less effort. The firm plans to have the product in golf and pro shops within the next month by offering attractive profit margins to retailers and an incentive program to consumers, offering free plane tickets to a golf resort for a major purchase. But some retailers are waiting to see how the clubs sell before stocking their shelves. Kevin Hefner, general manager of Roger Dunn, a chain of discount golf equipment shops, has no immediate plans to can-y the line. "We're not market leaders in bringing new product to the shelves," he said. "We're more cautious. We let them prove that the numbers they're saying can happen." |
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