Published: January 27, 2010
Golfsmith Expands Store Plans for 2010
AUSTIN, Texas - (BUSINESS WIRE) - Golfsmith International Holdings, Inc. (Nasdaq: GOLF) today announced
plans to open four new stores in 2010 and retrofit several additional
stores.
"In 2009 we experienced solid market share growth and dramatically
improved cash flow in a tough economic climate," said Marty Hanaka,
president and CEO of Golfsmith. "We know that our new stores will
inspire golfers more than any other golf retailer to play better and
enjoy life more. We continue to build momentum and these new stores are
just the beginning and are a key part of our strategic growth plans."
In addition to the four new stores, Golfsmith will also retrofit several
older stores to bring them up to date with the company's newest format
and design which offers golfers a much greater opportunity to experience
the game. The first store to be redesigned this year is Golfsmith's
Downer's Grove location in Chicago, Illinois.
New Stores:
-
Overland Park, Kansas - located at 12020 Metcalf Avenue just south of
the intersection of Metcalf Avenue and West 119th Street,
Golfsmith will open a 28,000 square foot golf and tennis store in the
former Circuit City location. Overland Park is widely considered one
of the most underserved golf retail markets in the country. This store
will open in Spring 2010.
-
Naples, Florida - located in the Promenade Shopping Center on Airport
Road just north of Pine Ridge Road, Golfsmith will open a 36,000
square foot Golfsmith Xtreme store in the space formerly occupied by
Jo Ann's. This store will open in Fall 2010.
-
Golfsmith's third and fourth new stores for 2010 will be announced
soon.
About Golfsmith
Golfsmith International Holdings, Inc. (NASDAQ: GOLF), is a 42-year-old
specialty retailer of golf and tennis equipment, apparel and
accessories. The company operates as an integrated multi-channel
retailer, offering its guests the convenience of shopping in more than
70 stores across the United States, through its Internet site and from
its assortment of catalogs. Golfsmith offers an extensive product
selection that features premier branded merchandise, as well as its
proprietary products, clubmaking components and pre-owned clubs.
Cautionary Language
Certain statements made in this news release are forward-looking in
nature and, accordingly, are subject to risks and uncertainties. These
forward-looking statements are only predictions based on our current
expectations and projections about future events. Important factors
could cause our actual results, performance or achievements to differ
materially from those expressed or implied by these forward-looking
statements. These factors include, but are not limited to, those
discussed in our Form 10-K, filed March 3, 2009 under the caption "Risk
Factors."
Golfsmith
Matt Corey, 512-821-4883
SVP Marketing
matt.corey@golfsmith.com
Copyright © 2012, Business Wire, Inc., All rights reserved.
Copyright © 2012, NewsBlaze,
Daily News