Golfsmith Expands Store Plans for 2010
AUSTIN, Texas — 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”
“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.
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.
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