Nike is getting out of the golf equipment business, a surprising announcement Wednesday that is sure to send Tiger Woods, Rory McIlroy and other players searching for new clubs and balls next season.

In a seismic shift for the industry, Nike Inc. announced that its golf division is transitioning out of equipment, which means no more clubs, balls or bags. Woods and Rory McIlroy are the most ...

BEAVERTON, Ore. (CBSNewYork)-- Nike is getting out of the golf equipment business, a surprising announcement Wednesday that is sure to send Tiger Woods, Rory McIlroy and other players searching ...

Nike is throwing its golf equipment business in the pond. Nike plans to stop making golf clubs, balls and bags so that it can focus on expanding its line of golf shoes and sportswear, the company ...

Nike announced Wednesday that it is getting out of the golf equipment business, ditching any future in clubs, balls and golf bags. "We're committed to being the undisputed leader in golf footwear ...

In men's golf, over the last quarter-century, there has been one constant in the arms race in apparel and brand recognition: megastar Tiger Woods and his long-standing relationship with Nike.

Nike's annual golf shoe release ahead of the Masters is always highly anticipated. Designers continually come up with unique ways to honor the game and the first major of the year that all golfers ...