Although I will date myself here, there is a ’60s song by The Byrds that applies to this post. “There is a season, Turn, Turn, Turn.” In the world of the golf shop, this line applies in a few different ways. First, most buyers look to create greater turns in their shop, no matter the product category. At the same time, when it comes to specific products, especially golf clubs and golf bags, there is a defined season. Golfers buy clubs maybe every three years, and possibly a new bag too. It is important to plan the purchasing according to the season (cycle). You do not want an overabundance of golf clubs this season as Thanksgiving arrives. Working, therefore, to sell off or return this year’s clubs is essential to preparing for the appropriate inventory levels moving into the spring.
With the arrival of August, and with less than 100 days remaining in the season, I want to provide a few thoughts on the golf shop and the changes taking place through the magic of the pandemic bolt the game has experienced. Beginning in June of 2020 the game had a revolution. People were coming by car, bus, and Uber to play. The numbers have been historic. More golfers means more dollars coming in, more brands and people aching to grab a share of the golden tee sheet. Many recently discovered brands are thriving in shops across the country, with even newer brands searching hard for a piece of that priceless shelf space. Before the next buying plan is moved from draft to final copy, I am providing three thoughts on the golf shop as we move into the 2025 planning period:
Decide on the brand mix before the buying begins: The new brands will mean some mature brands must be subtracted. It is important to settle on the mix of suppliers by category to buy to the budget numbers. As your buyer decides on a new mix, the regular suppliers, those expecting to own at least their standard piece of business will be upset. The buyer needs to speak to every sales rep losing shelf space. Relationships should be nurtured despite these decisions.
The buyer should connect with every incoming supplier early on: Provide them with the standards and expectations the leadership has for them. When communication is timely and thorough, the message is for all to move in step to the needs of the account. The buyer can set up individual virtual meetings with every vendor rep to discuss these standards. It is important, I believe, to have those standards in writing and shared with every supplier….
..
Click Here to Read the Full Original Article at Golf Inc Magazine…