Wednesday, July 23, 2014

Bear Market In Golf: Dick's cuts 400 jobs as golf now less popular

Marketwatch reports:
Dick's Sporting Goods Inc. is cutting hundreds of jobs in its golf division as fewer Americans hit the links.

A spokeswoman for the PGA of America said more than 400 of its members who were employed as golf instructors at Dick's were notified Tuesday that they would be laid off. The organization, which counts more than 28,000 members overall, said it would offer career counseling and employment services to its affected members.

Representatives for Dick's didn't immediately respond to requests for comment.

According to a Dick's annual report, the company offered in-store private lessons with PGA and Ladies Professional Golf Association golf professionals across its Dick's Sporting Goods and Golf Galaxy locations. There were 593 such employees as of Feb. 1, according to the filing. Dick's employed about 34,300 full- and part-time workers overall as of that date.
The great moments of the Obama recovery.