Why did Golfsmith go out of business?

Why did Golfsmith go out of business?

Golfsmith CEO David Roussy blamed “a recession-driven decline in golf participation and an oversized brick-and-mortar retail presence” for its situation. Golfsmith was purchased at auction by Dick’s Sporting Goods. Most Golfsmith stores closed on December 28, 2016.

What happened to Golfsmith in Austin?

One of Austin’s two Golfsmith stores will close by year’s end. The Austin-based retailer, which was acquired out of bankruptcy last month by Pittsburgh-based Dick’s Sporting Goods, has started liquidating inventory at 59 locations nationwide, including one at 11000 Middle Fiskville Road in North Austin.

Are Golfsmith clubs good?

They are simply the best irons I have ever owned. The lofts are set up like clubs of old with the PW being 48.5 degrees. They feel great, are very workable, and are beautiful to look at. Why in the world did Golfsmith stop production of this club?

Is Golfsmith the same as Golf Galaxy?

Over 30 former Golfsmith locations are now Golf Galaxy stores! Shop clubs, apparel, shoes, golf bags, balls and accessories from the brands you know and trust, including Titleist®, TaylorMade®, Callaway®, PING®, FootJoy® and many more.

Who purchased Golfsmith?

Dick’s Sporting Goods
Dick’s Sporting Goods, working together with liquidators, acquired Golfsmith for about $70 million at a bankruptcy auction, according to a Reuters report.

Are Golfsmith gift cards still valid?

Golfsmith stores are no longer accepting payments with gift cards, as a separate liquidation company is clearing out the merchandise.

Is my Golfsmith gift card good?

No fees are charged on Golfsmith gift cards and they have no expiration date. For store locations or for balance inquiries visit www.golfsmith.com or call 800-396-0099.

Can I use my Golfsmith gift card at Golf Galaxy?

Golfsmith stores are no longer accepting payments with gift cards, as a separate liquidation company is clearing out the merchandise. The good news, kind of: Golf Galaxy will accept Golfsmith gift cards eventually, but not until after the liquidation sale is over, likely after Christmas.

Is Lynx Golf still in business?

After Golfsmith’s bankruptcy, Elford and Zinser struck a deal with Dick’s Sporting Goods and now own the brand everywhere except Japan, where Lynx is an independent brand, and Canada, where Lynx remains tied to Golf Town.

Are Lynx golf clubs still made?

Lynx Golf Comeback Following the sale, Lynx returned to its status as an independent club manufacturer. In August of 2019, Lynx launched its official return to the United States with lynxgolfusa.com.