Golfsmith International Files for Bankruptcy Protection

Total Retail’s Take: The popularity of golf has declined in recent years. Experts say that millennials haven’t taken to the sport like older generations have in the past. This undoubtedly plays a part in Golfsmith’s decline. In fact, Golfsmith isn’t the only retailer suffering from the declining interest in the game. Nike recently announced that it's stepping away from selling golf equipment as well.