
23. Callaway Golf
It’s not surprising that the golf industry is struggling because of millennials. Golf is an expensive sport that is popular with older people. Generation Y is less likely to spend money on golf clubs, equipment, and country club fees.
Because baby boomers are aging out of playing golf and millennials aren’t picking up the game, Callaway Golf and other golf companies are losing profits. Studies show that millennials prefer activities that they can buy multipurpose equipment for like camping. It can also be hard for beginners to get into playing golf because golf ranges and clubs have so many rules to follow.