Golf Galaxy, a wholly-owned subsidiary of Dicks Sporting Goods, Inc., will close its headquarters in Eden Prairie, MN, affecting several dozen jobs, according to a report in Minneapolis's Star Tribune.
Employees were told of the corporate decision to close its headquarters two weeks ago, and on Monday, Dick's SG confirmed the move to close the headquarters. It said Golf Galaxy employees will be given severance packages and incentives to remain at the headquarters until the office is closed at a yet-to-be-determined date.
“It's been our plan all along to integrate the back-office functions of Dick's and Golf Galaxy,” said Jeffrey Hennion, EVP and chief marketing officer at DKS. “But when you look at Golf Galaxy's financials, the integration plans go beyond the back office.” Hennion told the newspaper that the Golf Galaxy chain is not meeting DKS expectations in a competitive golf environment. He said Dick's has no immediate plans to close any Golf Galaxy stores but is evaluating the entire business.
As reported, Randall K. Zanatta, president and CEO of Golf Galaxy, Inc., will step down from his position with Golf Galaxy, effective July 18. Zanatta, who had been president, CEO and chairman before the merger and continued with Dick's, co-founded Golf Galaxy in December 1995. Dick's completed its acquisition of Golf Galaxy in Feb. 2007.
