Business

Area Golfsmith stores to close following sale to Dick’s Sporting Goods

Golfsmith filed for bankruptcy in September, blaming an overexpansion and slowdown in the golf industry.
Golfsmith filed for bankruptcy in September, blaming an overexpansion and slowdown in the golf industry. AP

A Golfsmith store on Airport Freeway in North Richland Hills is among 59 slated for closure as part of the Austin company’s bankruptcy sale to Dick’s Sporting Goods.

According to Golf Digest, Dick’s has agreed to purchase Golfsmith for a reported $70 million in a deal that will liquidate all but 30 of Golfsmith’s 109 U.S. locations.

In all, eight Texas stores will close in the next few months, including one each in Dallas and Plano. That will leave Golfsmith with only one local store in Arlington.

Golf Digest said it’s unclear whether Dick’s will convert the Golfsmith locations to its golf concept, Golf Galaxy.

Golfsmith filed for bankruptcy in September, listing debts of about $500 million. Executives blamed an aggressive plan that began in 2011 to open bigger stores just as golf began to lose popularity. The golf industry has been in decline in recent years, particularly since Tiger Woods left the scene.

Steve Kaskovich: 817-390-7773, @stevekasko

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