For more retail coverage, click GlobeSt.com/RETAIL.
MINNEAPOLIS-Golf Galaxy, a specialty superstore chain, plans to open 12 to 15 new stores during its 2005 fiscal year beginning in March. The company also says it is in the process of achieving its goal of opening 10 new stores in its 2004 fiscal year, which it will end with 34 stores averaging 17,000 sf each.
Golf Galaxy has already opened five new stores this year and will open four more in November and December--one each in Louisville, KY; Nashville; Buffalo, NY and Gurnee, IL. Golf Galaxy has seen its earnings and comparable store sales increase, which led to its decision to "implement our most aggressive growth plan ever this past year," says Randy Zanatta, president and chief executive officer of Golf Galaxy.
The 10th store to open in fiscal 2004 will be in February 2005 in San Antonio, TX. The store will be the first in a multi-store plan for Texas. The chain plans to open up to six stores opening in Texas in the early part of 2005, the last region in the US in which the chain had not had a presence, Zanatta says.
Golf Galaxy is a locally based privately held company. Aside from offering brand name golf equipment, accessories, and apparel, the stores also provide on-site club repair and club fitting, and golf instruction.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.