Golfsmith details store plans for 2010
Austin, Texas Golfsmith International Holdings discussed plans on Wednesday to open four new stores in 2010 and retrofit several additional stores.
“In 2009 we experienced solid market share growth and dramatically improved cash flow in a tough economic climate,” said Marty Hanaka, president and CEO of Golfsmith. “We know that our new stores will inspire golfers more than any other golf retailer to play better and enjoy life more. We continue to build momentum and these new stores are just the beginning and are a key part of our strategic growth plans.”
Golfsmith will open a 28,000-sq.-ft. golf and tennis store in a former Circuit City location in Overland Park, Kan., in spring 2010. The company will also open a location in the Promenade Shopping Center in Naples, Fla., this fall.
Golfsmith’s third and fourth new stores for 2010 will be announced soon.
In addition to the four new stores, Golfsmith will also retrofit several older stores to bring them up to date with the company’s newest format and design, which offers golfers a much greater opportunity to experience the game. The first store to be redesigned this year is Golfsmith’s Downer’s Grove location in Chicago.
Borders chief resigns
ANN ARBOR, Mich. Borders announced that Ron Marshall has resigned as president, CEO and a director of the company, effective immediately, to accept the role of CEO at another retailer.
The company has named EVP and chief merchandising officer Michael Edwards as the interim CEO. Edwards is a 26-year retail veteran with CEO experience who joined Borders in September 2009 and has been leading the merchandising and marketing teams.
“We have a clear commitment to drive the top line at Borders Group and there will be no interruption of our strategic plans and efforts to focus with great energy and determination on this goal during the transition,” said Edwards.
Jo-Ann joins ArtFire to help artisans sell their wares
HUDSON, Ohio Jo-Ann Fabric and Craft Stores announced that it has partnered with ArtFire, an online artisan community, to provide sewers and crafters with the tools they need to create and sell their goods.
“By partnering with ArtFire, Jo-Ann is able to provide sewers and crafters all the tools they need to make and sell their products,” said Riddi Kline, SVP marketing, at Jo-Ann Fabric and Craft Stores. “In stores and online at Joann.com, customers can shop for all their materials and find inspiration for projects. Cards and gift wrap in our stores complete the process for those creating handcrafted gifts, and now, those customers who sell their creations can do so through the Jo-Ann community at ArtFire.com.”