Industry News

NGF recognizes Global Value Commerce

(RALEIGH, N.C.) – Secondary-market expert Global Value Commerce (GVC) – owner and operator of the world’s largest e-commerce platform for pre-owned golf equipment and new golf gear – was recently named to the National Golf Foundation’s (NGF) inaugural list of the Top 100 Businesses in Golf.

This biennial list recognizes the successful companies, organizations and associations of fundamental importance to both consumers and facilities involved in golf. With eight different industry segments represented, the U.S.-centric NGF GOLF 100 offers comprehensive insight across all sectors including apparel and equipment companies, turf equipment and supply companies, course builders and management companies, as well as industry associations, media, retail and technology.

GVC has brought structure and stability to how golf equipment is bought, sold and traded online at fair market value since its inception in 2001. The company has experienced 16 years of consecutive growth and a double-digit sales increase year-over-year (15%), totaling nearly $60 million in transactions annually. The organization owns and operates a diverse portfolio of online websites, including 3balls.com, GolfShoesOnly.com, TaylorMadeGolfPreOwned.com, FairwayStyles.com, GlobalGolf.ca and its flagship GlobalGolf.com, the largest e-commerce platform for previously played golf equipment and new golf gear in the world. 

“To be recognized by the NGF among golf’s leading businesses is an honor and testament to our customer-centric approach,” says Ed Byman, CEO of GVC. “We provide several ways consumers get the equipment and apparel which suit their preferences and budget, and that in turn, helps further enrich golf’s vitality.”

The NGF GOLF 100 considers eight distinct weighted criteria, including financial success (evaluation of annual revenue, overall growth rate and trajectory), innovation, industry influence, prominence and leadership both within the sport and each sector, and nominees’ contributions to the growth of the game.

“The NGF GOLF 100 is intended to highlight the depth and vitality within the sport,” said Joe Beditz, President and CEO of NGF. “The diverse list of companies and organizations contains not only the well-known brands that golfers see on TV, but celebrates a host of other innovators and influencers throughout various business segments that contribute to golf’s almost $70 billion impact on the economy.”

The NGF GOLF 100 is not a ranking, instead grouping selected companies and organizations by sector. Created to give an overview of golf’s commercial breadth in the U.S., the list recognizes the broad array of businesses important to the game.

About Global Value Commerce

GVC is the trusted destination for buying and selling previously-played golf equipment at GlobalGolf.com, 3balls.com and TaylorMadeGolfPreOwned.com. Its PGA Value Guide catalogs vast product information, sets industry standards on pricing and is used by millions of golfers to calculate credit or cash for their trade-ins. The value guide’s complementary trade-in network boasts more than 7,000 PGA Professionals who monetize golf club inventory, notably exchanges, demos and un-hit overstock. The company’s websites, including the company’s latest acquisition, upscale apparel retailer FairwayStyles.com, also sell new golf gear. With its global headquarters in Raleigh, N.C., GVC employs 130 people, including PGA members and other golf-equipment experts who develop extensive content about product attributes and advise customers about how different types of equipment make them better players. Distribution centers in North Carolina, Utah and a new facility in Mississauga, Ontario total 100,000 square feet and house more than 400,000 units at any given time. 

More information: globalvaluecommerce.com, 866.843.0262

About the National Golf Foundation

The National Golf Foundation, founded 1936, is driven by its mission to foster the growth and vitality of the game and business of golf. The NGF holds a unique position as the most trusted and preeminent provider of market research, marketing databases, business insights and programs that support every segment of the industry. 

More information: ngf.org

###

CONTACT:

Andy Tabor
Buffalo.Agency
703.891.3394
atabor@buffalo.agency