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Golfsmith
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. They also offered custom club fitting, lessons and services for golfers.
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. Golfsmith generated net revenues of over $338 million (~$479 million in 2024) in fiscal year 2009.
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. OMERS also owns Golf Town, the largest golf retailer in Canada. The two brands operated as Golfsmith International, the largest golf specialty retailer in the world.
On November 3, 2016, Golfsmith was approved by the U.S. Bankruptcy court of Delaware to be acquired by Dick's Sporting Goods after being purchased for $69 million (~$88.1 million in 2024) dollars.
In 1967, Carl Paul and his wife Barbara Paul founded Golfsmith in their Edison, New Jersey home. Inspired after taking up the game of golf, Carl recognized an unfilled niche in the golf industry: the design and distribution of custom golf clubs and their components, along with instruction about how best to assemble them. Beginning with a typewritten, hand illustrated catalog, Golfsmith first became successful by helping transform club repair shops across the country into custom golf club makers.
In the early 1970s, Carl’s brother Frank joined the family business, and it moved to Austin, Texas in 1972. The first Golfsmith storefront was a components showroom housed in 6,000 square feet (560 m2) of unused army barracks. In 1975, the Pauls embarked on their first consumer retail expansion by creating The Golfsmith Store accessory catalog. In 1976, the company first grossed more than $1 million.
Golfsmith operated primarily as a catalog-based business until 1992. 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.
Golfsmith’s retail expansion began in 1995 with the opening of retail stores in Houston, Denver and Dallas. Golfsmith’s initial public offering of stock was in June 2006. As of August 2014, Golfsmith operated over 100 stores in over 20 states.
Golfsmith
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. They also offered custom club fitting, lessons and services for golfers.
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. Golfsmith generated net revenues of over $338 million (~$479 million in 2024) in fiscal year 2009.
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. OMERS also owns Golf Town, the largest golf retailer in Canada. The two brands operated as Golfsmith International, the largest golf specialty retailer in the world.
On November 3, 2016, Golfsmith was approved by the U.S. Bankruptcy court of Delaware to be acquired by Dick's Sporting Goods after being purchased for $69 million (~$88.1 million in 2024) dollars.
In 1967, Carl Paul and his wife Barbara Paul founded Golfsmith in their Edison, New Jersey home. Inspired after taking up the game of golf, Carl recognized an unfilled niche in the golf industry: the design and distribution of custom golf clubs and their components, along with instruction about how best to assemble them. Beginning with a typewritten, hand illustrated catalog, Golfsmith first became successful by helping transform club repair shops across the country into custom golf club makers.
In the early 1970s, Carl’s brother Frank joined the family business, and it moved to Austin, Texas in 1972. The first Golfsmith storefront was a components showroom housed in 6,000 square feet (560 m2) of unused army barracks. In 1975, the Pauls embarked on their first consumer retail expansion by creating The Golfsmith Store accessory catalog. In 1976, the company first grossed more than $1 million.
Golfsmith operated primarily as a catalog-based business until 1992. 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.
Golfsmith’s retail expansion began in 1995 with the opening of retail stores in Houston, Denver and Dallas. Golfsmith’s initial public offering of stock was in June 2006. As of August 2014, Golfsmith operated over 100 stores in over 20 states.