Rough times for golf: Golfsmith files for bankruptcy

(Bloomberg)—Golfsmith International Holdings Inc., the retailer of golf clothing and equipment, filed for Chapter 11 bankruptcy amid a slide in the sport’s popularity in North America. The Austin, Texas-based company listed debt and assets of as much as $500 million each in Delaware court, and said it would try to sell part of the chain … Continue reading Rough times for golf: Golfsmith files for bankruptcy