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.
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.
[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.
That year the company moved to its present headquarters location, a 40-acre campus that includes the corporate offices, a practice range, a 30,000-square-foot (2,800 m2) Golfsmith store, and 240,000 square feet (22,000 m2) of shipping and distribution facilities.
[7] On June 15, 2006, Golfsmith International Holdings Inc. made its initial public offering and began trading under NASDAQ symbol GOLF.
[6] On September 14, 2016 Golfsmith International Holdings, Inc filed for Chapter 11 bankruptcy protection, owing millions to Nike, Inc, Callaway Golf Company, and others.
[11] Alongside products from external manufacturers, Golfsmith offered complete golf clubs, component club parts, apparel and golf accessories under its own Lynx, MacGregor, Killer Bee, Snake Eyes, Golfsmith, XPC, Zevo, ZTech, Tour Trek, Profinity and MaggieLane brands.
In 2004, Golfsmith formed a partnership with GolfTEC, a Denver-based national chain of golf instruction facilities.
As of August 2014, Golfsmith operated over 100 stores in over 20 states, including Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Kansas, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Wisconsin.
Golfsmith was opening dozens of stores yearly during the 00's while golf was seeing an increase in popularity--mostly attributed to Tiger Woods.
Golfsmith CEO David Roussy blamed "a recession-driven decline in golf participation and an oversized brick-and-mortar retail presence" for its situation.
This led to steady price discounts of everything in the stores, including clubmaking shop tools, hitting bays, shelves, and other fixtures.