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Couples Behind Golf Industry’s Surprise Best Seller30th Jul 2010
Industry News- International When professional athletes in branded gear make a big splash, sports marketing insiders can’t wait to comment on how big a particular line of clothing or shoes will sell because of it. More often than not, I check back months later to find out it was not as big as it was made out to be.
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Callaway Golf Q2 edges past view30th Jul 2010
Industry News- International July 28 (Reuters) - Callaway Golf Co (ELY.N) reported a quarterly profit that edged past market expectations on slightly improved sales but said the recovery in the U.S. golf industry continued to lag expectations. The company said it was not providing outlook for the balance of the year due to an uncertain sales climate, but expects results to be better than last year, when golf industry sales bottomed out, hit by the recession
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Asia Golf Bug to Buoy Equipment Makers30th Jul 2010
Industry News - Asia NEW YORK (TheStreet) -- The world golf equipment market has remained static in the last couple of years, as increased competition led to discounting and lowered revenues, while the economic recession lowered sales. Going forward, China and India will likely play key roles as the fastest-growing golf markets in the world.
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Suburban backlash grows over dense development plans30th Jul 2010
Golf Course Development News A huge groundswell of anger is brewing among residents of Canberra's inner suburbs over unit developments. Poorly designed redevelopment will turn Dickson into a ''bad case of acne'' according to Marie Coleman, a resident and organiser of one of a many new action groups.
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$180m Rutherford subdivision under threat30th Jul 2010
Golf Course Development News DEVELOPER Jeff McCloy says back zoning by Maitland City Council planners is threatening to wipe out the $180 million Heritage Green subdivision planned for Rutherford. Mr McCloy and fellow developer Hilton Grugeon both criticised the council's planning department yesterday, saying Heritage Green and other planned back zonings meant the council was in danger of losing its can-do tag.
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Sunland set for Royal Pines release30th Jul 2010
Golf Course Development News ROYAL Pines is proving a happy hunting ground for the Sunland Group which is close to finalising plans for the commercial heart of the resort's marina precinct. A quickfire sales rush on a small-lot project in the resort's eastern stretch has buoyed the Gold Coast developer's prospects on the 'western front' where it has undertaken preliminary works on a 19ha site, including the marina, it bought in 2008.
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PING Launches Revolutionary Product Line30th Jul 2010
Industry News- International Phoenix, Arizona (July 30): In a year that has seen significant market share gains for the company in several key categories, PING announced today further expansion of its award-winning product line, according to John Solheim, PING Chairman & CEO.
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Callaway's Great Expectations29th Jul 2010
Industry News- International Callaway Golf was looking for a rebound to its business in 2010. It said as much at the start of the year, when CEO George Fellows stated, “As anticipated, the recovery for worldwide economy and particularly the golf industry is underway with some momentum evident in both – for both. While elements of the recovery are still somewhat mixed, the general trends are sufficiently positive for us to maintain our cautious optimism for the year.” Those words of reinforcement came after the company reported its 2010 first quarter operating results. “Reception of our 2010 new lineup continues to be quite positive. And just to remind everyone, we were the recipients of 15 medals, 10 of which were gold in Golf Digest's review of the 2010 new products; those were more than any other manufacturer. The trade was equally positive about our lineup pre-booking at the expected levels, which we believe is quite a vote of confidence in an uncertain environment,” he added.
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The croquet putting style29th Jul 2010
General Interest Thinking of trying the croquet putting method? Be very careful not to straddle the line of the putt when you do as this is illegal and a violation of the rules of golf.
As I mentioned last week, KJ Choi has been experimenting with a croquet style of putting but has been standing with both feet on one side of the ball. If he were to straddle the line of the putt with both feet he would be in violation of Rule 16-1e.
The straddle method was banned in 1968 after the great Sam Snead employed it late in his career as his putting deteriorated. Reportedly Bobby Jones played a large role in having the technique banned.
"Bob Jones got that banned, I'm sure of it," Snead once said. "I would've won Augusta again if they let me putt that way."
But why was it banned? I see no reason apart from sour grapes from Bobby Jones. What specifically about this straddle method isn't right? Facing the hole surely seems more natural and it does not rest the hands or club against the body like some legal belly putters do.
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Why We Need More Par-Three Courses28th Jul 2010
Grow the Game Mike Keiser, who commissions everything at the Bandon Dunes complex in Oregon as a golf purist's fantasy, is building a fifth course to add to his famous four. It's something you don't hear about much anymore—a par-three. Construction on the 12-holer, tentatively called "The Bandon Preserve," starts in February.
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Rate Parity Simply Does Not Exist28th Jul 2010
Operational Advice Wake up! Stop dreaming... all this blah blah blah about rate parity... please, give me a break... it doesn't exist!!! When will hotel finally get it and start understanding that as long as they do not become more professional they will not control their rate integrity...
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Shark: World Tour still a possibility28th Jul 2010
Movers and Shakers GREG Norman has no regrets about the turmoil his proposed World Tour caused in the mid-1990s and still believes his suggested model could work.
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