Thursday, September 15, 2016

Another sports retailer files for bankruptcy

The waning popularity of golf has taken its toll on the nation’s largest specialty golf retailer.

Golfsmith International Holdings Inc. on Wednesday filed for Chapter 11 bankruptcy protection, amid increasing debt and citing a strategy that it launched several years back to open bigger, most costly stores at a time when golf was beginning to decline in popularity. (Just last month, Nike last month announced it was leaving the golf hardware business, its worst-performing division. Adidas is selling its golf equipment business. ). . . more

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