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14

Golfsmith Bankruptcy Brings Fresh Woes to Under Armour and Nike

By Tony Seruga

1473888501_Nike Golf

Nike brand golf balls and apparel inisde a Golfsmith retail store in New York.

Photographer: Ramin Talaie/Bloomberg

Chain’s filing follows demise of Sports Authority this year
Golf has been hurt by falling participation among the young

The bankruptcy of Golfsmith International Holdings Inc. brings another round of suffering to the world’s biggest athletic brands, which are still reeling from the shutdown of Sports Authority Inc. earlier this year.

Nike Inc., Adidas AG and Under Armour Inc. all have a substantial business with Golfsmith, which filed for Chapter 11 bankruptcy on Wednesday. The chain has 109 stores in the U.S. and 55 in Canada, making it the largest dedicated golf retailer in North America…

Golfsmith Bankruptcy Brings Fresh Woes to Under Armour and Nike

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