All of these equipment companies and associated retailers should've acknowledged and heeded the data that was more than readily available to them several years ago... it's not like the bottom suddenly fell out of the industry - this has been ongoing for quite some time now. They were gambling on a serious turnaround, and now it's clearly left them wishing that they would've made the necessary adjustments years ago.
It's basic economics 101... too much supply, not enough demand. That has been the glaring reality for a number of years now. Currently it won't have much impact on the average weekend player, but everything now seems centered around sustainability. And that's a losing gamble for any pastime endeavor that is deemed time-consuming and expensive.
There are a lot of new $40k bass boats gathering dust and rust at the local boat/fishing retailers... people aren't exactly eager to upgrade their fishing boats/equipment from back in the late-90's and early 2000's these days. Same with RV's, same with anything that commands a sizable investment, including golf-related lifestyles.
And maybe that's the bottom line - those who thought they could afford the "lifestyle" have considered otherwise. It doesn't mean the lakes won't continue to have people in boats fishing, or people going on weekend excursions in RV's will lessen. It doesn't mean golfers won't be playing golf somewhere.
It's just that the lifestyle-centered types will be the only serious investors, and there ain't that many left now to keep demand in accordance with supply. A correction was inevitable, and they're finally having to accept it.