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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 230                                                       
Tuesday, November 25, 2014

In observance of the American Thanksgiving holiday, the Daily Pulse will not be published Wednesday (Nov 26), Thursday (Nov 27) or Friday (Nov 28). A happy and safe Thanksgiving (especially to those traveling) to all Americans. Thank you to the many international readers for your patience during our absence. The Daily Pulse will resume publishing on Monday December 1, 2014.

ANY IDEA WHO SAID THIS? “I had a terrible start at Augusta but played my way back into the tournament and US PGA a really bad first two days but played my way back into the tournament come the weekend. I had spells of good golf in the majors and obviously yeah you need to putt four rounds together to do any damage. Next year, my goal is to play better in the majors and world events.”

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BRAIN TEASER: Who has made the most money in the 2014/14 wrap around season to date? HINT: He’s played on event!

ITS THAT TIME OF YEAR AGAIN! The American Automobile Association is projecting 46.3 million Americans will journey 50 miles or more from home during the upcoming Thanksgiving weekend, the highest volume for the holiday since 2007 and a 4.2 percent increase over 2013. Almost 90 percent of travelers (41.3 million) will celebrate the holiday with a road trip and likely will enjoy the lowest Thanksgiving gas prices in five years.  Today’s national average price of gas is $2.85 per gallon, which is 43 cents lower than the average price for Thanksgiving a year ago ($3.28 per gallon). More than 89 percent of travelers (41.3 million) are expected to travel by automobile, a 4.3 percent increase from 39.6 million last year. Air travel for Thanksgiving is anticipated to be at the highest level since 2007, with 3.55 million Americans taking to the skies. The average distance traveled this Thanksgiving will be 549 miles round trip and Americans are expected to spend an average of $573 during the holiday weekend. The Thanksgiving holiday travel period is defined as Wednesday, November 26 through Sunday, November 30.

“This year, more Americans will give thanks for the opportunity to travel to friends and family than any year since 2007,” said Marshall Doney, AAA President and Chief Operating Officer. “Americans are more optimistic about the future as improvements in several key economic factors, including employment, GDP and disposable income, are boosting consumer confidence and the desire to travel. Holiday joy has come early this year with Americans likely to pay the lowest Thanksgiving gas prices since 2009. Lower prices are increasing disposable income and enabling families to carve out more money from household budgets for travel this Thanksgiving.”

ONE OF A KIND: Bing Crosby (May 3, 1903-October 14, 1977) was an avid golfer & is a member of the World Golf Hall of Fame. In 1937, Bing Crosby hosted the first National Pro-Am Golf Championship (a.k.a the 'Crosby Clambake') at Rancho Santa Fe Golf Club in Rancho Santa Fe, CA. Everyone knows it now under bingthe name the AT&T Pebble Beach National Pro-Am, held annually at Pebble Beach, CA, near Monterey. Crosby was, without a doubt, the most popular and influential multimedia star of the first half of the 20th century. For more than three decades, through radio, film, television and records, he reigned supreme.  

The new documentary American Masters: Bing Crosby Rediscovered, premiering nationwide Tuesday, December 2 at 8 p.m. on PBS (check local listings) as the series' Season 28 finale, explores the life and legend of this iconic performer, revealing a man far more complex than his public persona. The film is available December 2 on DVD from PBS Distribution. A holiday encore presentation airs Friday, December 26 at 9 p.m. on PBS (check local listings).

Crosby's estate, HLC Properties, Ltd., granted American Masters unprecedented access to the entertainer's personal and professional archives, including never-before-seen home movies, Dictabelt recordings, photos and more. Narrated by Stanley Tucci, the film features new interviews with all surviving members of Crosby's immediate family: wife Kathryn, daughter Mary and sons Harry and Nathaniel (1981 U.S. Amateur winner). The film reveals Crosby's struggles with his first wife, Dixie Lee, and their sons Gary, Dennis, Phillip and Lindsay. Mary addresses accusations of abuse first published in Gary's 1983 memoir, which tarnished their father's legacy. Gary speaks candidly about both his and his mother's alcoholism as well as his difficulties with his father in a never-before-seen 1987 interview.

Thirty-seven years after his death, Crosby remains the most recorded performer in history with nearly 400 hit singles, an achievement no one - not Frank Sinatra, Elvis Presley or the Beatles - has come close to matching. "We naturally think of Bing at Christmastime, but with more No. 1 recordings than anyone, it is easy to overlook all of his other achievements. Thankfully, this film delves deeply into all of his remarkable work, and will surprise many viewers with a unique perspective on his private life," said Michael Kantor, executive producer of American Masters. Among some of Crosby’s other interests, he was a fan of thoroughbred horse racing & a founding partner of the Del Mar Thoroughbred Club at Del Mar racetrack (Del Mar, CA), where the annual Bing Crosby Stakes are held. Currently underway, the inaugural Bing Crosby Season (November 7-30, 2014). He was also a part owner of MLB team Pittsburgh Pirates.

ON THE ROAD AGAIN! Its November, but next July is already on the minds of some as the road to The (British) Open begins in Australia this week. Three players in the field at the Emirates Australian Open will secure their place at St Andrews in 2015. The leading three players, who finish in the top ten at The Australian Golf Club in Sydney and who are not already exempt, will earn a place in The Open. In the event of a tie, the qualifying place(s) will go to the player with the highest position in the Official World Golf Ranking at the commencement of the event.

“The Open Qualifying Series proved very successful in its first year in 2014 and was welcomed by players and spectators. We are delighted to welcome two new events to the Series this year, on the Asian Tour and the PGA TOUR, and look forward to working with each of the Tours once again. One of our key aims with the Series is to continue to enhance the global appeal of The Open and we want to give players the opportunity to qualify through events in their region of the world,” said Peter Dawson, Chief Executive of The R&A.

FOLLOW UP: Games People Play has added former Nike Golf president, Cindy Davis, to its list of witnesses in its lawsuit with Nike.

WEB GEMS:

GMAC DOESN’T LIKE THE DESERT: “It just seems to be the same bad golf every year and even worse this week,” McDowell said of his week and a closing 72 that left him tied 47th on two under and 11th in the final Race to Dubai standings, worth an extra $110,000 from the $5m Bonus Pool “Simple as, this golf course just doesn’t like me.  It’s not sour grapes and far from that and while some guys play well around here, I don’t." READ MORE>>>

STILL DREAMING: Ernie Els is dreaming of holding aloft the South African flag at the opening ceremony when golf returns to the Olympics in Brazil in 2016. "It would be unbelievable to be part of the team. If I qualify, and I hope I do because when next year comes around that will become a burning goal of mine, I may even allow myself the thought of carrying the South African flag into the stadium." READ MORE>>>

ANSWERS: “I had a terrible start at Augusta but played my way back into the tournament and US PGA a really bad first two days but played my way back into the tournament come the weekend. I had spells of good golf in the majors and obviously yeah you need to putt four rounds together to do any damage. Next year, my goal is to play better in the majors and world events.”--Justin Rose.

Congratulations if you knew Bubba Watson is the current money leader on the PGA TOUR. He has earned $1.4 million with his win at the WGC  HSBC Champions event in China.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 229                                                       
Monday, November 24, 2014

ANY IDEA WHO SAID THIS? “I'll have a little bit of downtime over Christmas and New Year's, which will be nice. I'll start practicing again early on in the New Year and getting ready. Equipment-wise, will I work on much? No. I might tinker around with a new set of irons that I have been playing about with for the last couple months. But apart from that, everything sort of seems to be working right now, so just keep it as is. Just prepare well and get my game and my body in shape for the new season. “

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BRAIN TEASER: Who is the highest ranked American player in the official world ranking system?

WHATEVER THE MARKET WILL BEAR? If price is no object, than this should be right up someone’s alley! However, given the harsh realities of the real world, this is going to be a tough one to swallow for most. Bobby Jones has entered into a strategic partnership with Dogleg Right, manufacturers and designers of premium custom fit and custom made putters. As part of the initial launch, Dogleg Right is designing and handcrafting three different series of putters, the Silver Anniversary, Grand Slam and Bespoke Art, that all pay homage to the game of golf’s most decorated amateur. 

“We’ve known since taking over the leadership of the Bobby Jones brand this was an area where we wanted to expand our footprint strategically,” said Andy Bell, President/CEO of Jones Global Sports. “This expansion begins with putters and we’re thrilled to partner with Dave Billings and Dogleg Right.”

The “Silver Anniversary” line, intended to celebrate the 25th Anniversary of the Bobby Jones brand, features modern classic designs that are crafted from “American Rustless” 303 Steel with multi-faceted satin mist finish on the upper surfaces, hand polished soles Custom options are also available. In addition the Silver Anniversary line putters come complete with Bobby Jones logoed grips, head covers and shaft labels.  Prices start at $699.99 for each putter!

The “Grand Slam” line offers a series of 4 commemorative putters that honor Bobby Jones “Impregnable Quadrilateral” in 1930. The Grand Slam models, GS-1, GS-2, GS-3 and GS-4 will come complete with Bobby Jones logoed leather grips, matching head covers and Limited Edition Bobby Jones shaft labels.  The Grand Slam line of putters will be available in super-limited edition quantities with just 10 each of the first four styles available for purchase. Prices start at $799.99 per putter. 

Finishing out the Bobby Jones Putters by Dogleg Right’s initial launch is a series of “Bespoke Art” one-of-a-kind models. The Bobby Jones Bespoke Art pieces start as one of the models from the previous two lines and are transformed into a unique, one-of-a-kind putter by Master Designer and Maker, Dave Billings. Each Bespoke Art putter is made precisely to the customer’s specification and aesthetic preference. Each putter will include a Certificate of Ownership and notes and drawings from Billings to the owner.  The initial Bespoke Art collection will be made up of 10 pieces total for Spring 2015 and will start at $1,499.99. Exotic materials such as Stainless and Carbon Damascus, Mokume Gane and Titanium Damascus can be selected to make a one-of-a-kind masterpiece. Bobby Jones putters will be available through Dogleg Right just in time for the Holidays.  For more information or to place an order, please visit www.doglegright.com

NAME CHANGE: All Nippon Airways (ANA), Japan’s leading airline, will serve as title sponsor of the first major of the LPGA season, formerly known as the Kraft Nabisco Championship. The newly named ANA INSPIRATION will be held March 30 – April 5, 2015, and will continue to be played at Mission Hills Country Club in Rancho Mirage, California, home of the event since 1972.

The long-term agreement between the LPGA, IMG and ANA begins in 2015 with an increase in the tournament purse to $2.5 million. Additional increases are scheduled over the first four years enabling the total purse to reach $3 million. While the event will take on a new name, the history and tradition of the LPGA’s first major of the season is said to remain. ANA, the LPGA and IMG are committed to the tournament’s heritage, as players will continue to compete for the Dinah Shore Trophy on the Dinah Shore Championship course at Mission Hills.

O’GRADY PROVIDES UPDATE: “The European Tour has weathered the recession. We are quite strong and have money in the bank for the first time in quite some time and can choose which way we want to go, and what we do with our Senior Tour, what we do with the Challenge Tour; we have got the building blocks with the Federations from Europe, the structure of golf in so many different countries. It's certainly the wish of our players and player representatives aboard that we go for an independent chairman skilled in business to shape the Tour, shape the Tour's board, shape the Tour's staff so that we are properly fit to face the future. There is a need for change, and I've instructed all our staff, and myself personally, to assist in this strategic review which is taking place now. I think they've found it's not quite as easy as certain other companies because of our relationships in so many parts of the world; but that will be supported and announced as soon as we can.” READ MORE>>>

WEB GEMS:

BACK IN THE NEWS: Less than two weeks before he is set to return to competition, Tiger Woods announced Saturday via Twitter that Chris Como has been working with him on his swing. Como, 36, is based near Dallas and in 2013 was named by Golf Digest as one of "the best young teachers." He has a Masters degree in biomechanics, which perhaps suggests that Woods will continue with some of the theories he engaged under Sean Foley. READ MORE>>>

YOU NEVER KNOW WHAT WILL HAPPEN: On Friday, the European Tour’s chief executive, George O’Grady, claimed he would bet his house on a Rory McIlroy victory at the DP World Tour Championship. Anti-gambling rules notwithstanding, of course. READ MORE>>>

UPSETS STILL HAPPEN: Unheralded South Australian Nick Cullen has ended Adam Scott's run as Australian Masters champion with a thrilling one-shot victory. READ MORE>>>

WHAT A YEAR: The biggest challenge facing Lydia Ko is how she can top a rookie season like this one. The 17-year-old from New Zealand sat next to a pair of crystal trophies Sunday evening. At her feet was a glass box that was stuffed with cash to symbolize the $1 million bonus she picked up on an historic end to the LPGA Tour season. READ MORE>>>

ANSWERS: “I'll have a little bit of downtime over Christmas and New Year's, which will be nice. I'll start practicing again early on in the New Year and getting ready. Equipment-wise, will I work on much? No. I might tinker around with a new set of irons that I have been playing about with for the last couple months. But apart from that, everything sort of seems to be working right now, so just keep it as is. Just prepare well and get my game and my body in shape for the new season. “--Rory McIlroy.
 
Bubba Watson is the highest ranked American player in the world rankings. He slipped one spot as Henrik Stenson moved to world #2 with his win in Dubai. Watson is currently ranked 4th. Other American players in the top 10 are Jim Furyk (#6) and Rickie Fowler (#9) and Matt Kuchar (#10).

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 228                                                       
Friday, November 21, 2014

ANY IDEA WHO SAID THIS? “To be honest with you, you sort of wonder if it's going to happen again. I've been close, more than a handful of times and never closed the door. You sort of sometimes wonder if you're ever going to win again. I'm not getting any younger, I'm about to turn 38, and it's special to have the family out here.”

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BRAIN TEASER: How much does the winner of the Race to Dubai receive from the bonus pool?

PARTNERS! Relationships are tricky. It takes work from both sides to give it a fighting chance. Sometimes it is doomed to fail. Communication is the central theme towards finding a way to cohabitant peacefully. Business relations can be even more problematic. It’s about making money, which should be a common goal from both sides. Yet, the element of communication isn’t often as clear or necessarily a two-way street. That seems to be where one retailer and prominent equipment manufacturer now find themselves.

Games People Play, Inc. (GPP) out of Beaumont, Texas is suing Nike over the sale of goods to different purchasers at different prices and discriminatory promotional practices. GPP has filed this action under federal and state antitrust laws, specifically Section 2(a) of the Robinson-Patman Act and Oregon’s Anti-Price Discrimination Act.

The retailer, who has been listed multiple times in the past as one of the Top 100 Golf Shops in America by Golf World Magazine, lists various examples where Nike Golf provided products at lower prices to other retail accounts. Despite bringing the matter to the attention of Nike Golf, it failed to do anything about it, according to the lawsuit. In turn GPP went forward and purchased product from a gray market account even though Nike Golf was made fully aware of it.

According to papers filed, Nike Golf sent representatives, including Mike Francis, Nike Golf’s GM, to meet with the owners of GPP to discuss and or potentially resolve the matter. However it had the opposite effect as it eventually led to a contentious relationship, which has seen GPP’s business impacted by its strained relationship with Nike Golf. GPP contends that Nike has refused to stop its ongoing price discrimination consistent with the terms of Oregon’s Anti-Price Discrimination Law, and therefore it continues to suffer ongoing price discrimination and lost profits.

GPP is suing for damages caused by unlawful and unethical golf suppliers that affect supplier competition, suppler retail accounts, consumers and shareholders. The complaint was filed in May but in October Nike’s request for a motion to dismiss was denied. It is expected to go to trial by jury.

UPON CLOSER INSPECTION: Dicks Sporting Goods has reported throughout the year that its golf business has been troubling, to put it nicely. In the first quarter, it said Golf Galaxy was down 10.4% and Dick's Sporting Goods golf business was off by high-single digits. In the second quarter, its largest quarter for golf sales, Golf Galaxy was down 9.3%, while Dick’s golf business was “somewhat less.” As reported in the Nov 19th issue of the Daily Pulse, third quarter sales at Golf Galaxy’s decreased by 8.9 percent, while Dick's golf business was down a similar amount.

Back on May 20th, when Dick’s reported its first quarter operating results, Ed Stack, Dick’s chairman and CEO stated, “There is glut of inventory in the market at both wholesale and retail as a result of the lackluster sales over the past 15 months. The core golfer doesn't seem to understand or has not yet fully embraced the new technology our vendors have brought to market.” Stack also acknowledged at the time he wasn’t sure where the bottom was in golf equipment sales.

On August 19th, when Dick’s updated the investment community on its second quarter results, Stack said, “Golf continues to be our most challenging business.” The company had also reduced its footprint in golf by 1,000 square feet per store location. It was widely reported that it had also parted ways with PGA certified professionals as part of its downsizing in the category. Also the retailer identified the cost of reducing its golf component. “In the second quarter, we recorded a $20.4 million of pre-tax charges related to the restructuring of our golf business. The charges include a $14.3 million non-cash impairment of golf trademark in store assets, severance charges of $3.7 million related to the elimination of specific golf position from our DICK stores and the combination of Dicks golf and Golf Galaxy corporate and administrative functions, and a $2.4 million write-down of golf related inventory,” stated André Hawaux - EVP and CFO for the company.

During the third quarter conference call to Wall Street analysts, Stack was questioned about the status of golf markdowns. He replied, “Our inventory is in great shape. I think the inventory at the vendors is in better shape than it has been. Those markdowns around golf are behind us.”

It begs the question how can its inventory glut as of May 20th be in such great shape by November 18th when its sales were consistently lower in each quarter and it exercised a $2.4 million write off on the balance sheet? Meanwhile, Stack is still uncertain if golf has hit a bottom. On the third quarter call he said, “I don't want to give guidance to what we think the golf business is going to be, but as I said I think it's going to hit bottom, may have already hit bottom but some of the new product launches have done quite well.”

TIME FOR SOME NEW PRODUCT: PUMA Golf has introduced BioDrive. “The BioDrive was literally designed from the ground up. Starting with the outsole biodrivewe focused on three zones – the heel, the midfoot and the forefoot – keeping in mind all the elements important to a golfer – comfort, fit, flexibility and balance,” said Grant Knudson, head of footwear, PUMA Golf. “This spikeless, versatile shoe allows golfers to go straight from work to the gym, to the range, or to play 18.”

It promises superior grip and control on course by utilizing multiple decoupled octagon shaped pods in the forefoot for flexibility and increased ground contact and traction. Additionally, the mid-foot axis point allows for supportive torsional movement for a balanced feel. It also is built with four connected pods in the heel provide a sturdy platform for stability. Built on an all-new anatomical last, the carbon rubber in the shoe’s outsole ensures an excellent grip and long-lasting durability, according to the company, while a TPU perimeter wrap is bonded 360 degrees around the shoe for improved protection and durability.

“Training in the gym and on the course is important for golfers of all levels. And when you need to go from the weight room to the range it’s vital to have the right footwear. I love the versatility and performance of the BioDrive shoes,” said Joey D Diovisalvi, a golf fitness expert and COBRA PUMA GOLF ambassador. “It’s a great performer on the course that allows the golfer to grip the ground through their swing but can also be worn to the gym. From a biomechanics standpoint, it provides the flexibility, stability and balance necessary for optimal performance.”

The BioDrive ($140) is available in four color combinations and is scheduled to hit golf retailers starting on December 15.

WEB GEMS:

KIDS PLAY: Melbourne teenager Ryan Ruffels couldn’t resist a subtle sledge to Masters champion Adam Scott after crushing a drive at the par-five sixth at Metropolitan. “That (drive) was as much as I’ve got and we got up there and I was quite a bit past him. Then he eagled the hole and he’s like, ‘Just look at the scorecard, mate’. That shut me up,’’ Ruffels said. READ MORE>>>

EYE ON A BIGGER PRIZE: Amateur Todd Sinnott has taken the clubhouse lead midway through the second round of the Australian Masters in Melbourne. Sinnott, a member at host course The Metropolitan, was in a share of the lead after the opening round but while the likes of Steve Bowditch faltered, Sinnott (71) fired four birdies and three bogeys as he finished the second round at six under. “I am obviously not here to make the cut,” Sinnott said. READ MORE>>>

STAYING DOMESTIC: The PGA of America appears to have abandoned its plan of moving the final major of the season away from the United States. On hearing of the PGA of America’s new stance, Gary Player took to Twitter to voice his disapproval. Player said: “What a shame. What a lack of vision. Golf has never been more global. Could have been a game changer for the PGA. Pity.” READ MORE>>>

ANSWERS: “To be honest with you, you sort of wonder if it's going to happen again. I've been close, more than a handful of times and never closed the door. You sort of sometimes wonder if you're ever going to win again. I'm not getting any younger, I'm about to turn 38, and it's special to have the family out here.”--Charley Hoffman after his win at the OHL Classic at Mayakoba.

This week’s DP World Tour Championship, Dubai is the climax of the European Tour Race to Dubai. The tournament also determines the Race to Dubai Bonus Pool, which goes to the top golfers on the Race to Dubai after the tournament. It was original set at $10,000,000 but reduced to $7,500,000 paid to the top 15 players with the Race to Dubai winner getting $1.5 million. In 2012 the bonus pool was cut in half to $3.75 million and reduced to the top 10 golfers, with the winner getting $1.0 million. Conversely, the FedExCup winner receives $10 million. The fifth place finisher received $1 million in the FedExCup bonus pool.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 227                                                       
Thursday, November 20, 2014

ANY IDEA WHO SAID THIS? “I feel good about what's just happened in the last couple of weeks, 44 in the World Rankings coming into this four-week spell was nothing to be proud of. But obviously moving forward up to 26 and hopefully with a big win this week, put myself back in a position where I can salvage something out of 2014, because it was not looking good.”

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BRAIN TEASER: Can you guess how many hole in ones have been made already in the 2014/15 PGA TOUR season?

NOTHING PERSONAL, ITS JUST BUSINESS! Twelve months ago, Rory McIlroy said that he had seen enough lawyers to last him a lifetime. So you can imagine what it has been like sitting in legal offices during the past six weeks poring over documents relating to his bitter dispute with his former management company, Horizon Sports. Those in Ireland who have been following the various machinations closely estimate he could be as much as £25million worse off if the worst-case scenario unfolds. READ MORE>>>

THE LONELY ROAD TO THE TOP: He has swapped managers, equipment, jilted his fiancee and finds himself as the No1 player in world golf. “I have got used to it [the distractions],” McIlroy said. “That’s what it is. I am better at compartmentalizing between stuff that is happening off the course and being able to focus on what’s going on on the course. It is just something that has been part of my life for the last couple of years, so that’s why I handle it better now.” READ MORE>>>

FACT FINDING MISSION: The discovery phase of Vijay Singh’s lawsuit against the PGA Tour rolls on toward a 2015 trial, with the PGA Tour now looking for documents from Singh’s representation at mega firm IMG. READ MORE>>>

WEB GEMS:

HE SAID, SHE SAID, I THINK: Jenkins comes off like a woman scorned. Woods' response is written with rabbit ears. Both look very non Hall of Fame-like in the aftermath.  Yet, for us in the golf world, both delivered an early holiday present when nothing else was worth chatting about. We can at least be thankful of that. READ MORE>>>

BACK TO GOLF: “In my book, Tiger is the greatest player,” Stenson said in Dubai on Wednesday. “I've played a lot with him over the years and of course, I never played with Jack and Gary and Arnold, but just in the way that Tiger has won some of his tournaments, I rate that possibly even higher than some of the others, just some of the shots he's hit and putts he's made under certain circumstances. In my mind, he's the best player, and of course you want him to be part of the tournament.  You always take extra credit when you win a tournament that he's part of the field.” READ MORE>>>

WIND CATCHES SCOTT: Defending champion Adam Scott struggled in the blustery conditions at Metropolitan Golf Club on Thursday for a 1-over 73, six strokes behind a group of four of his countrymen who led the Australian Masters by a stroke after the first round. READ MORE>>>

OFF AND RUNNING: Rory McIlroy displayed the quality of golf that has made him Race to Dubai champion as the World Number One joined friend Shane Lowry in a share of the lead on day one of the DP World Tour Championship in Dubai. READ MORE>>>

ANSWERS: “I feel good about what's just happened in the last couple of weeks, 44 in the World Rankings coming into this four-week spell was nothing to be proud of. But obviously moving forward up to 26 and hopefully with a big win this week, put myself back in a position where I can salvage something out of 2014, because it was not looking good.”--Ian Poulter.

John Huh enjoyed his first hole-in-one of his PGA TOUR career in the first round OHL Classic at Mayakoba. It is the eighth ace on TOUR this wrap around season. Last season, the eighth hole-in-one did not come until June at the FedEx St. Jude Classic by Stuart Appleby. 

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 226                                                       
Wednesday, November 19, 2014

ANY IDEA WHO SAID THIS? “I feel in a much different place now at the end of 2014 than when I did the end of 2012 when I was pretty much in the same position. I feel like I was a much clearer path and I know exactly what I need to do and how to do it going forward to stay at this level.”

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BRAIN TEASER: Can you name the player that has earned more in five events in 2014/15 wrap around season than he did in 21 events in the 2013/14 season?

BUSINESS HAS BEEN BETTER: TaylorMade has proclaimed its inventory levels are now clean. However, its largest retail “partner,” also makes the same claim even though its sales in the category remain sluggish heading into its smallest quarter of the year. Same store sales for Dick's Sporting Goods increased 1.7 percent, but Golf Galaxy’s decreased by 8.9 percent. According to Ed Stack, chairman and CEO, Dick's golf same store sales were down a similar amount as Golf Galaxy’s in the reporting period. Golf still appears to be a work in progress, according to Dick’s management.

"Everybody's talked about that the (golf) business needs to shrink in order to be more profitable and I think that's what's going to happen,” said Stack. “I think the manufacturers are much more disciplined, the retailers are much more disciplined and I think the golf business is going to be an okay business. I don't think it's going to be a great business but it's going to be an okay business and we'll hit bottom here in the next quarter probably and we think that we'll see increased profitability going into next year.  We think that it's going to be a more profitable year next year.”

Joe Schmidt, Dick’s President and COO added, “We're not exiting. We've been very clear about this. Golf we think is still going to struggle a little bit. But we’re not exiting the golf business and we're not exiting the Golf Galaxy business.”

Stack told Wall Street analysts, “Our (golf) inventory is in great shape. I think the inventory at the vendors (manufacturers) is in better shape than it has been.” It echoes TaylorMade’s recent sentiment. On November 6th, Herbert Hainer, adidas Group CEO told the investment community his golf division’s inventory was equally pristine. “Let me also say that at TaylorMade-adidas Golf we have a very clean inventory. So, much is still at retail, and this is decreasing step by step,” said Hainer. Its unclear how TMaG, its rival Callaway and now Dicks Sporting Goods/Golf Galaxy cleaned up inventory at both companies despite the backdrop of slow third quarter sales that have been reported already.

As of November 1, 2014, the company operated 597 Dick's Sporting Goods stores in 46 states, with approximately 32.0 million square feet and 80 Golf Galaxy stores in 29 states, with approximately 1.4 million square feet.

THE MORE THE MERRIER: SiriusXM announced Sir Nick Faldo will host a new show on SiriusXM PGA TOUR Radio (XM channel 93, Sirius channel 208). Nick Faldo Radio will debut this January and air monthly throughout the year. “I am most excited about this new opportunity to talk golf with golfers and people you may not know are golfers; to get to know golf enthusiasts and have them get to know me,” said Faldo. “We are going to have fun connecting with those connected to SiriusXM PGA TOUR Radio.  I look forward to some real entertainment.”

“Few people can offer a more experienced and informed perspective on golf than Nick,” said Scott Greenstein, SiriusXM’s President and Chief Content Officer.  “His accomplishments on the course – which include six major championship victories – put him among the game’s all-time great players, and he has built a remarkably successful second career in the broadcast booth. SiriusXM PGA TOUR Radio will offer him a new forum where he can interact with his audience and fans can call in to ask him questions throughout the season.”

This year SiriusXM has unveiled an expanded if not aggressive programming lineup on golf. In addition to Faldo, hosts on the channel include World Golf Hall of Fame members Ben Crenshaw, Fred Couples and Hubert Green, Henrik Stenson, Ian Poulter, John Daly, Annika Sorenstam, Chris DiMarco, Rich Beem, Hank Haney, David Leadbetter, Jim McLean, Bob Ford, Mark Carnevale, John Maginnes, John Mahaffey, Carl Paulson, Dennis Paulson, Matt Adams, Brian Katrek, Sandy McIlree, Larry Rinker, Lorne Rubenstein, Ben Shear, John Swantek, Jeff Warne, Greg Warmoth and Taylor Zarzour. 

AN OUNCE OF PREVENTION IS WORTH A POUND OF CURE: Its doubtful people around Buffalo are thinking about this at the moment. But you can never be too careful. An ounce of prevention can make the world of difference. READ MORE>>>

WEB GEMS:

BUILDING A TEAM: Fox Sports will announce four new additions to its golf broadcast team Wednesday, including two high profile former U.S. Open champions. READ MORE>>>

MAKING NEWS: Dan Jenkins gets the holiday spirit started early with a fictitious interview with one of his favorite subjects, Tiger Woods. READ MORE>>>

NOT COOL: Tiger Woods fires back at Jenkins. READ MORE>>>

STAND BY YOUR MAN: Lindsey Vonn, training in Colorado on Tuesday for her World Cup skiing comeback, said she totally supports her boyfriend Tiger Woods' internet post ripping Golf Digest and venerable writer Dan Jenkins for a satiric fake interview with Woods that appears in the December issue of the magazine. READ MORE>>>

ANSWERS: “I feel in a much different place now at the end of 2014 than when I did the end of 2012 when I was pretty much in the same position. I feel like I was a much clearer path and I know exactly what I need to do and how to do it going forward to stay at this level.”--Rory McIlroy.

Robert Streb, the current FedExCup leader in points has already made $1,328,963 in five events of the 2014/15 season. He earned $1,300,075 in 21 events in the 2013/14 season! Either way, Uncle Sam is looking forward to his tax return!!

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 
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