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Andrea Felsted and Elaine He

Off for a Round of Golf? Didn't Think So

This industry needs fresh ideas as the game languishes.
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Victor J. Blue/Bloomberg
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Aging facilities, online competition, consumer spending shifting to other experiences and millennials behaving differently.

No, not U.S. department stores -- golf. And like the beleaguered retailers, the golf industry will need to change to stay in play.