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Edwin Watts Files For Bankruptcy - Page 3

post #37 of 46

There is an Edwin Watts Golf near my house. I guess I won't be shopping there anymore.

post #38 of 46
Thread Starter 

I did receive the orders I placed from Edwin Watts so they appear to still be honoring their customers orders which is a good sign they will try to restructure their debt and attempt to keep the business going.

post #39 of 46
Quote:
Originally Posted by Wally View Post
 

There is an Edwin Watts Golf near my house. I guess I won't be shopping there anymore.

Did they say that your store is closing? If not, why would you not be shopping there?

 

Quote:
Originally Posted by newtogolf View Post
 

I did receive the orders I placed from Edwin Watts so they appear to still be honoring their customers orders which is a good sign they will try to restructure their debt and attempt to keep the business going.

I really would not expect anyone to not get their orders - there will be some store closings, but they will take any business they can get.

 

Their new catalog showed up yesterday - havent had a chance to look at it yet, but based on what I saw online, there are no deals that are any different from what anyone else is offering.

post #40 of 46

I think they declared Chapter 11(reorganization), not Chapter 7 (liquidation) … and apparently they received interim financing from a third party to make it through the bankruptcy … so I'd say they are setting themselves up for a sale … maybe back to Edwin.

 

So they are in a continuing business situation.

post #41 of 46

If Im not on ebay then rock bottom is my first stop online.

post #42 of 46
Just saw that the EW in Naples is closing, 20-40% off but my stupid driver is an anti - golfite so I won't be checking it out
post #43 of 46
Originally Posted by Wally View Post
 

There is an Edwin Watts Golf near my house. I guess I won't be shopping there anymore.

 
Originally Posted by meenman View Post

Just saw that the EW in Naples is closing, 20-40% off but my stupid driver is an anti - golfite so I won't be checking it out

 

EW is going through Chap. 11 Bankruptcy - restructuring. Don't be surprised to see EW close some of its lower-performing stories as it tries to stabilize financially.

 

This happened in the St. Louis area in 2010. Regional chain Golf Discount Superstores went into receivership, and some stores were closed in the process of finding a new owner.

post #44 of 46
Originally Posted by Wally View Post
 

There is an Edwin Watts Golf near my house. I guess I won't be shopping there anymore.

 

 

Originally Posted by meenman View Post

Just saw that the EW in Naples is closing, 20-40% off but my stupid driver is an anti - golfite so I won't be checking it out

The Chap.11 reorganization seeks financial stability, so EW likely will close lower-performing stores.

 

This happened in St. Louis area in 2010. Regional chain Golf Discount went into financial receivership, and ended up closing stores as a new owner was found.

post #45 of 46

EW is just overpriced and I'm not surprised by this at all. The only thing I have purchased from them in 13ish years of living near their stores was a used set of irons. I do go in there if I want to see something up close, then use my phone to google prices for that item. I never find them to be even remotely close to the best deal so I don't end up buying stuff from them. For such a large golf chain, they sure as heck don't try to get your business through pricing.

 

Also, I would LIKE to give them my business as they are a local company for me (we are both in the Panhandle) but I can't justify paying their prices. If they were even in the ballpark, I'd buy stuff from them.

post #46 of 46

I went into the one that is closing in Tampa today (felt kind of guilty because obviously the employees are losing their jobs)

 

The sign outside said 20-40% off. Of course the golf balls were only 15% off - slim pickings in the store, but I guess their shoppers do not like Srixon balls - there were a ton of q-star and z-stars.

 

I picked up a dozen yellow q-stars, some black widow spikes (that I saved 32.5% on) and a dozen cheap nikes for my father in law.

 

Even at 20% off on the clubs, nothing stuck out for me.

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