$100 Million
Owed by Golfsmith on an asset-backed loan, along with C$125 million ($95 million) in second-lien notes that come due in 2018, according to its bankruptcy filing. Moving forward, the company will try to sell its Canadian Golf Town business and salvage its U.S. business by restructuring operations, closing weak stores and refinancing debt.
10 Percent Fewer
Americans are active at least three times a week versus five years ago, according to the Sports and Fitness Industry Association. In addition, participation in 10 of 12 youth sports has declined during the period with gains only in softball and lacrosse.
20 Percent
Profit surge reported by JD Sports Fashion Plc in the 26 weeks ended July 30. JD is also reportedly in the process of considering a bid for the United Kingdom’s 55-store Go Outdoors specialty chain.
30 Top
Unsecured creditors in the Golfsmith International Holdings bankruptcy case were led by Callaway Golf, owed $5.5 million, TaylorMade Golf, owed $5.1 million and Nike USA, owed $3.5 million.
100 In-Store Shops
Shoe Carnival plans to open for Nike by the close of 2017. The footwear retailer projects 47 of that 100 will open by the end of this year.
