I agree with many of the comments here. Prince has really struggled since the bankruptcy. I'd like to clarify a few points and maybe offer a different perspective.
As for the racquets themselves:
- I think the Textreme Tour line and Phantoms are fantastic. Great feel, lower to mid-level power, and great spin. Most of them offer the warm, Prince feel that defined them.
- Yes, Prince is more of a designer and does not manufacture. However, that is the case for most brands and has been for some time. It's cheaper to outsource production to third-party Asian manufacturers. As a side note, some brands, like Babolat outsource design and production. For example, the Pure Drive mold was developed by ProKennex and acquired by Babolat. Others, like Wilson design but outsource (see recent press about them contemplating the acquisition of their biggest contract manufacturer.)
- I contend that Prince racquets still perform very well vs. peers. For that matter, the market is blessed with many great options today and very few duds. It's a little like stereo speakers these days. Many great options, and lots of opinions...some based more in fact than others
As for their marketing and distribution:
- Yes, lack of a Prince logo stencil on an ATP or WTA court hurts brand awareness, big time
- Doing away with the junior sponsor programs (from age 11 through college) also sets them back
- Signing an exclusive with TennisWarehouse and Dick's did limit potential awareness as well. As a teaching pro, I'm more inclined to promote brands my club sells. However, I suspect Prince had to do this. Without TW or Dick's, Prince would have died during the restructuring. Mail order had been taking share for many years and TW is the biggest of them all. Prince leaders were likely painted into a corner.
- However, pro endorsements, advertising, and support of brick and mortar sales is very expensive. I am quite confident that when the marginal revenue and gross margin of these other activities was added up, it was not enough to justify the cost of the activity.
The sober reality is that tennis manufacturers aren't very big. They're not the juggernauts we remeber from the late seventies through mid-nineties. There just aren't many racquets sold in a year globally and with so many newer brands entering the fray (e.g., Technifibre, Solinco, Babolat...all string brands who used third-parties to enter the racquet game) in the last 20 years, budgets are now modest for manufacturers.
What would help the market the most is if we encourage more young people to take up the game and convince some players to upgrade equipment a little more often.