Golfsmith
Defunct American corporation / From Wikipedia, the free encyclopedia
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Golfsmith International Holdings Inc. was an American golf specialty retailer based in Austin, Texas. Each store, along with golfsmith.com, housed a wide selection of golf clubs, shoes, apparel, gadgets and gear from all the major brands as well as proprietary offerings. They also offered custom club fitting, lessons and services for golfers.
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Company type | Subsidiary |
---|---|
Industry | Retail |
Founded | 1967 |
Founders | Carl and Barbara Paul |
Defunct | 2017 |
Fate | Chapter 11 bankruptcy Liquidation sale |
Successor | Dick's Sporting Goods |
Headquarters | , USA |
Number of locations | 78 (June 2011)[1] |
Parent | OMERS |
Website | Archived official website at the Wayback Machine (archive index) |
Founded by Carl and Barbara Paul in 1967, Golfsmith began as a custom golf club components supplier. As of August 2014, the company had expanded to comprise over 100 retail stores in over 20 states, selling golf clubs, performance apparel, skills improvement products, etc. Golfsmith generated net revenues of over $338 million (~$467 million in 2023) in fiscal year 2009.[2]
In May 2012, Canadian pension fund OMERS announced plans to take over Golfsmith for $6.10 per share, and the transaction was completed in July 2012. OMERS also owns Golf Town, the largest golf retailer in Canada. The two brands operated as Golfsmith International, the largest golf specialty retailer in the world.[3]
On November 3, 2016, Golfsmith was approved by the U.S. Bankruptcy court of Delaware to be acquired by Dick's Sporting Goods after being purchased for $69 million (~$85.9 million in 2023) dollars.[4]