Golfsmith Is Considering Filing for Bankruptcy [Bloomberg]

[CyboNinja]

On 8/4/2016 at 7:11 PM, shanksalot said:

 I was watching FS1 this morning on the program the Herd the guy was adamant about the decline in golf over the last few years is all tied into Woods no longer being a dominant figure in golf. What does everyone here think about that statement?

I think that statement is accurate. But with a caveat. Tiger brought more fans to the game. Particularly blacks. Golf is seen by a lot as a "wealthy white man's game". And to some degree it is. Tiger helped to break that image. Since his decline a lot of those same people have lost interest in the sport I think. That's my theory anyhow. 

[nevets88]

Here's a list of store closings:

Minnetonka, Minn.

Plano, Texas

Scottsdale, Ariz.

Duluth, Ga.

Carle Place, N.Y.

Birmingham, Ala.

Tucson, Ariz.

Aurora, Ill.

Palm Desert, Calif.

Sterling, Va.

Woodbridge, Va.

Fairfax, Va.

Bellingham, Mass.

Northborough, Mass.

New York, N.Y. (Fifth Avenue)

Cerritos, Calif.

Houston (Champions)

Chicago (South Loop)

Pembroke Pines, Fla.

North Myrtle Beach, S.C.

Quote

“Retail is tough,” she said, but she noted that this isn’t a golf problem as much as a Golfsmith problem, adding that the emerging impact of online retail and other direct-to-consumer avenues are just starting to take their toll on traditional brick and mortar golf retail. “It’s a lot of economic forces coming at them, it’s a real estate problem, it’s the pendulum of big-box retail swinging a bit too far. Both forces outside the game and inside the game and just inside their own organization worked against them.”

http://www.golfdigest.com/story/what-golfsmiths-chapter-11-filing-really-meansand-which-stores-are-closing

[davechen]

Yeah, I'd heard that 3 of the 4 stores in Northern Virginia were closing, leaving Tyson's Corner the only one left.  That was too many stores for the region anyways.