Dick's prepares bid for bankrupt retailer Golfsmith's U.S. stores: Reuters
Dick's Sporting Goods Inc is preparing a bid for the U.S. business of bankrupt Golfsmith International Holdings Inc, challenging an offer by rival retailer Worldwide Golf Shops, sources told Reuters. The auction will the test the value of Golfsmith, which suffered because of competition from discount retailers, as well as golf's waning popularity among younger customers. Golfsmith, owned by OMERS Private Equity, filed for bankruptcy in the United States and Canada last month.
18 October 2016•2 mins read
