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Edwin Watts Files For Bankruptcy

newtogolf

By newtogolf
in Clubs, Grips, Shafts, Fitting

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Note: This thread is 4376 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

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newtogolf Incredible Member

newtogolf

Posted
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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.

Joe Paradiso

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meenman Great Member

meenman

Posted
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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?

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.

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Chris, although my friends call me Mr.L

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Mr. Desmond Super Member

Mr. Desmond

Posted
Posted

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.

Ping G400 Max 9/TPT Shaft, TEE EX10 Beta 4, 5 wd, PXG 22 HY, Mizuno JPX919F 5-GW, TItleist SM7 Raw 55-09, 59-11, Bettinardi BB39

 

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  • 2 weeks later...
purple drank Well Established Member

purple drank

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

In the :ogio: Cart Bag :cleve: Launcher 9.5° Stiff :dunlop: 15° 3W Stiff :wilson_staff: D100 / 19 & 22° Hybrids Stiff :adams: CB3 Irons 4-GW Steel :adams: A7OS 54.5° SW :nike: 60/06 V Red LW :cobra: 35" Face Balanced Mallet Putter


  • 4 weeks later...
meenman Great Member

meenman

Posted
Posted
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

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Chris, although my friends call me Mr.L

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WUTiger Incredible Member

WUTiger

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

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.

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  • Completed KBS Education Seminar (online, 2015)
  • GolfWorks Clubmaking Academy: Fitting, Assembly & Repair School (2012)

Driver:  :touredge: EXS 10.5°, weights neutral   ||  FWs:  :callaway: Rogue 4W + 7W
Hybrid:  :callaway: Big Bertha OS 4H at 22°  ||  Irons:  :callaway: Mavrik MAX 5i-PW
Wedges:  :callaway: MD3: 48°, 54°... MD4: 58° ||  Putter:image.png.b6c3447dddf0df25e482bf21abf775ae.pngInertial NM SL-583F, 34"  
Ball:  image.png.f0ca9194546a61407ba38502672e5ecf.png QStar Tour - Divide  ||  Bag: :sunmountain: Three 5 stand bag

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WUTiger Incredible Member

WUTiger

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

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.

Focus, connect and follow through!

  • Completed KBS Education Seminar (online, 2015)
  • GolfWorks Clubmaking Academy: Fitting, Assembly & Repair School (2012)

Driver:  :touredge: EXS 10.5°, weights neutral   ||  FWs:  :callaway: Rogue 4W + 7W
Hybrid:  :callaway: Big Bertha OS 4H at 22°  ||  Irons:  :callaway: Mavrik MAX 5i-PW
Wedges:  :callaway: MD3: 48°, 54°... MD4: 58° ||  Putter:image.png.b6c3447dddf0df25e482bf21abf775ae.pngInertial NM SL-583F, 34"  
Ball:  image.png.f0ca9194546a61407ba38502672e5ecf.png QStar Tour - Divide  ||  Bag: :sunmountain: Three 5 stand bag

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jvalhalla Member

jvalhalla

Posted
Posted

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.

Driver: Cobra Amp Cell

3/5 Wood: Adams Ovation

Irons: Cobra UFI

Putter: Titleist Dead Center, circa 1985


meenman Great Member

meenman

Posted
Posted

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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Chris, although my friends call me Mr.L

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Note: This thread is 4376 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

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