Golf’s giant retailer — Golfsmith — will survive one way or another.
The giant chain of golf stores is currently in Chapter 11 bankruptcy, which means they are protected from creditors while they come up with the old “reorganization plan.”
There is the chance that the current creditors may allow Golfsmith to restructure its debt and continue as it has been in the past.
There’s also the possibility that other companies may bid to buy the chain.
One of the high-profile companies in the hunt is Dick’s Sporting Goods. Dick’s went heavy into the golf business a few years ago but then figured out that there was very little margin in selling equipment, the money is in selling shirts, shorts, slacks, hats, that sort of stuff.
Nike figured out the same thing this year.
Dick’s is contemplating making an offer but it is not the only entity interested.
Worldwide Golf Shops is also sniffing around.
Whatever happens, the Golfsmith doors will remain open.
One way or another.
