Full Answer
What happened to Golfsmith?
When reached by GOLF.com for comment on Golfsmith’s bankruptcy filing, Dick Sullivan, President and CEO of PGA Tour Superstore, said his retail business will continue its efforts to expand.
What happened to the company that owns Golf Town?
Golfsmith, the world’s largest golf retailer, has filed for Chapter 11 bankruptcy, the company announced on Wednesday. The move will precipitate a broader corporate restructuring that includes the selling of Canada-based business Golf Town to a group led by Fairfax Financial Holdings Limited and CI Investments.
What is the largest golf retailer in the world?
Golfsmith is currently the world's largest golf retailer. Golfsmith, the world’s largest golf retailer, has filed for Chapter 11 bankruptcy, the company announced on Wednesday.
Dive Brief
Golfsmith International is slated to close 59 stores nationwide in the next few months, according to a press release from Hilcol Global, a liquidator involved in the wind down. The news comes on top of the 20 store closures Golfsmith had already announced.
Dive Insight
Golfsmith's store footprint is shrinking fast. Just two months ago, the specialty retailer operated 109 U.S. locations when it declared Chapter 11 bankruptcy . By October, Dick’s Sporting Goods and a team of liquidators had won a bankruptcy auction to take over its U.S.
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