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Tuesday, November 5, 2013


Golf retailer Edwin Watts Golf Shops filed for chapter 11 bankruptcy protection early Monday,according to a Reuters report.

The report cites a court filing with the U.S. Bankruptcy Court in Delaware that indicates the retailer listed estimated liabilities and assets of $100 million to $500 million. Based in Fort Walton Beach, Fla., the company sells golf equipment, apparel and accessories, both in-store and online, and is owned by Sun Capital Partners, Inc.

According to its website, Edwin Watts has 90 domestic retail locations across 15 states in addition to a digital catalog and eCommerce site. The bulk of its retail footprint is in the Southeast U.S., with 32 stores in Florida and 12 stores in Georgia.

The company began as a single shop started by Watts and his brother, Wayne, in Fort Walton Beach in the 1960s. Today the Edwin Watts website indicates that in addition to its brick-and-mortar retail shops, the company ships more than 200,000 packages annually and boasts a worldwide distribution of approximately 14 million for its six seasonal catalogs.

 


Thursday, October 25, 2012


SAN JUAN CAPISTRANO, Calif. (AP) — Nobody yelled "Fore!" at a Southern California golf course when a 2-foot-long shark dropped out of the sky and flopped around on the 12th tee.

The 2-pound leopard shark was apparently plucked from the ocean by a bird then dropped on San Juan Hills Golf Club, Melissa McCormack, director of club operations, said Thursday.

No one was teeing up when the shark fell Monday afternoon, although some golfers had just left the area, she said.

A course marshal, who makes sure players maintain an appropriate pace, saw something moving around on the tee and went to investigate. He found the shark bleeding with puncture wounds, where it seems the bird had held it in its grasp.

The marshal put the shark in his golf cart and drove it back to the clubhouse.

"He went above and beyond," McCormack said.

The marshal, McCormack and employee Bryan Stizer wanted to help the small shark, so they stuck it in a bucket of water. Then somebody remembered it wasn't a fresh water animal, so they stirred up some "homemade sea water" using sea salt from the kitchen, she said.

"We knew we had to get it to the ocean as fast as possible," McCormack said.

She grabbed a photo of the shark before Stizer headed to the sea.

"When Brian put it in the water, it didn't move," she said, "but then it flipped and took off."

It's the first time anyone could remember a shark falling from the sky at the golf course.

"We have your typical coyotes, skunks and the occasional mountain lion, but nothing like a shark," McCormack said.


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Friday, April 30, 2010


Here are the reports.

Acushnet (Titleist - Foot Joy)  (FO):

The first one to report in the US was Fortune Brands (FO: NYSE), which owns the Acushnet Company (Titleist and FootJoy). While it recently sold off the Cobra Golf division, its numbers were included in the first quarter results. Sales for the golf companies were $353.6 million, up 1.9% from a year ago when it reported $347 million in revenues. However, the operating income it spun back to the parent company was significantly better than year ago.

Acushnet earned $44.4 million in the first quarter of 2010. A year ago it made $9 million in the same period.

 

Callaway Golf: (ELY)

Two weeks ago Callaway Golf (ELY: NYSE) provided preliminary operating results to financial markets and shareholders. Turns out the numbers it shared were right on the money. The company reported after financial markets closed for trading, sales were $303 million, up 11% from last year. Inside the numbers, U.S. net sales were $151 million, an increase of 7% compared to $141 million for the same period last year. International net sales came in at $152 million, an increase of 16% compared to $131 million in the prior year. Metal wood sales for the company were $94.5 million, up 18% or $14.6 million in 2009. Iron sales were off 12% coming in at $57.4 million, while putter revenues were up 38% to $38.1 million. Golf ball sales were $51.1 million, up 8% and Callaway’s accessories business was higher by 19% at $61.7 million for the quarter.
 

"It will take more than 2010 for the golf industry and our business to recover fully, but the first quarter was a good step for us toward that recovery," said George Fellows, President and Chief Executive Officer.  "Our sales increased despite the poor weather conditions which delayed the opening of the golf season in many of our key regions, and our gross margins increased.”
Net income for the first quarter was $17.7 million versus $6.8 million in 2009.

 

Amer (Wilson):

Amer, owner of Wilson Golf reported its operating results to shareholders. The Finnish company said its golf sales were EUR 20.3 million, slightly higher than in 2009 (19.7 million). While the overall numbers are essentially flat compared to the previous year, Amer said US where sales were up 30% on what it called “trade distribution gains.” Sales in Europe, Middle East and Africa were down by 7% because of the long winter, it said, but a recovery is expected for the business in this region in the near future, Amer said

Saturday, November 28, 2009


For the first time since 1983, this Thanksgiving weekend TV in the US will not include the annual Skins Game in its line-up of mainly NFL and College football games.

This once-popular, made-for-Televsion event which featured Jack Nicklaus, Arnold Palmer, Gary Player and Tom Watson in its first showing in 1983 and has regularly featured some of the world's leading stars since then, has been dropped, possibly permanently, for the want of a sponsor.

"On the one hand, it will be the first Thanksgiving I've had at home in a long time, which is good," said Barry Frank, executive vice president of IMG Media who have produced the Skins Game since its inception.

"As part of the bigger picture, I miss the event. Not having it this year is kind of upsetting. I'm hopeful for next year."

But those hopes may be forlorn.

With the rewards on the PGA Tour now far in excess of what can normally be earned at the Skins Game and with other, more-rewarding silly season events like Tiger Wood's end-of-season invitational and the RSA's Nedbank Championship in competition, the Skins Game no longer attracts the greatest players who now prefer to spend Thanksgiving Day with their families.

Will the Skins Game be missed? Not likely.

Its ratings last year when KJ Choi beat Phil Mickelson, Stephen Ames and Fred Funk were miserable - the event drew only a 0.7 rating on the first day and a 1.1 on the Sunday.


A special offer from EdwinWatts our sponsor:

To View the Latest Golf Equipment @ Great Prices Click here !

Monday, November 9, 2009


Have you ever wondered how many calories you burn while palying golf, either by pushing a cart arround, or while riding in  cart...

Here is the info....

Recent studies by medical experts reveal that by pushing clubs around a golf course, a golfer will burn more than 1,400 calories compared to riding in a cart, where approximately 800 calories are burned.

This is  HELPING companies like BAG BOY.

"With the popularity of push carts growing, and the exercise and health benefits substantial, our mission is to continue to provide our customers with an innovative, easy to use push cart to meet their needs on the course," said Craig Ramsbottom, President, The Bag Boy Company.

 




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