{"id":496159,"date":"2016-05-05T11:07:36","date_gmt":"2016-05-05T15:07:36","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=496159"},"modified":"2016-05-05T11:07:36","modified_gmt":"2016-05-05T15:07:36","slug":"adidas-tees-sell-taylormade-golf-brands-focus-sneakers-apparel-business","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/adidas-tees-sell-taylormade-golf-brands-focus-sneakers-apparel-business\/","title":{"rendered":"Adidas Tees Up To Sell TaylorMade, Golf Brands to focus on Footwear &#038; Apparel Business"},"content":{"rendered":"<p><strong>Adidas<\/strong> announced yesterday\u00a0that its board had decided to sell all of its golf businesses including <strong>TaylorMade<\/strong>, Adams and Ashworth to focus efforts and resources on the\u00a0footwear\u00a0and apparel business.<\/p>\n<p>The decision is not a major surprise to many as the brand has seen tremendous growth in the sneakers and apparel business of the Adidas and Reebok brands, while TaylorMade posted a 28% decline in sales for 2014.<\/p>\n<p>As reported by <a href=\"http:\/\/espn.go.com\/golf\/story\/_\/id\/15458859\/adidas-selling-golf-businesses-including-taylormade-adams-ashworth\">ESPN<\/a>&#8216;s Sports Business Insider Darren Rovell, the golf business hasn&#8217;t seen a full recovery since 2008 due to many factors not limited to the economic downturn that hurt many sports businesses across the board. \u00a0Too many new products introduced to the market, marginal growth of the sport, and customers conditioned to discounted prices also played a major factor.<\/p>\n<p>&nbsp;<\/p>\n<p>The news of the announcement to sell the golf brands has been well received by many insiders in the sportswear business.<\/p>\n<p>&#8220;As Adidas continues to excel with strong\u00a0growth in the footwear and apparel spaces for Adidas,\u00a0Adidas Originals and Reebok, it was a wise decision by the board to free up capital and resources to hyper-focus on what is a booming business rather than one on a decline.&#8221; told\u00a0exclusively to Snkrs Day by a hedge-fund manager who wished to remain anonymous for the report.<\/p>\n<p>While Adidas is teeing-up TaylorMade for sale, the brand is not getting out of the golf business entirely, but rather just producing footwear and apparel for the sport and getting out of the hard-goods business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adidas announced yesterday\u00a0that its board had decided to sell all of its golf businesses including TaylorMade, Adams and Ashworth to&hellip;<\/p>\n","protected":false},"author":149,"featured_media":496163,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[1225462],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v24.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Adidas Tees Up TaylorMade, Golf Brands for Sale | Snkrs Day<\/title>\n<meta name=\"description\" content=\"Where to buy Adidas Tees Up To Sell TaylorMade, Golf Brands to focus on Footwear &amp; Apparel Business shoes. 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Snkrs Day has release dates, prices, and where to find Adidas Tees Up To Sell TaylorMade, Golf Brands to focus on Footwear &amp; Apparel Business for sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.snkrsday.com\/adidas-tees-sell-taylormade-golf-brands-focus-sneakers-apparel-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Snkrs Day\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/NiceKicks\" \/>\n<meta property=\"article:author\" content=\"http:\/\/www.facebook.com\/matthalfhill\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-05T15:07:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.snkrsday.com\/files\/2016\/05\/adidas-taylormade-sale.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"759\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matt Halfhill\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@http:\/\/www.twitter.com\/matthalfhill\" \/>\n<meta name=\"twitter:site\" content=\"@snkrsday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matt Halfhill\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"WebPage\",\"ItemPage\"],\"@id\":\"https:\/\/www.snkrsday.com\/adidas-tees-sell-taylormade-golf-brands-focus-sneakers-apparel-business\/\",\"url\":\"https:\/\/www.snkrsday.com\/adidas-tees-sell-taylormade-golf-brands-focus-sneakers-apparel-business\/\",\"name\":\"Adidas Tees Up TaylorMade, Golf Brands for Sale | Snkrs Day\",\"isPartOf\":{\"@id\":\"https:\/\/www.snkrsday.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.snkrsday.com\/adidas-tees-sell-taylormade-golf-brands-focus-sneakers-apparel-business\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.snkrsday.com\/adidas-tees-sell-taylormade-golf-brands-focus-sneakers-apparel-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.snkrsday.com\/files\/2016\/05\/adidas-taylormade-sale.jpg\",\"datePublished\":\"2016-05-05T15:07:36+00:00\",\"dateModified\":\"2016-05-05T15:07:36+00:00\",\"description\":\"Where to buy Adidas Tees Up To Sell TaylorMade, Golf Brands to focus on Footwear & Apparel Business shoes. 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