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According to the National Golf Foundation (NGF) there are over 12 million regular adult golfers and 2.5 million junior golfers in the US alone--and this doesn't include the part-time
golfers. With those kinds of numbers there is no shortage of demand for golf equipment, apparel or anything golf related. It is estimated that golfers spent over $24 billion in 2002 and that number is only going to continue to grow as the sport becomes more popular. The so-called Tiger Woods effect could push golf equipment sales figures up dramatically with new golfers sprouting up every day.
There are many types of stores out there selling golf merchandise but Golf Galaxy is trying to take it to a new level offering more than just merchandise. Golf Galaxy stores average 17,000 square feet in size so as you can see they are trying to become a one-stop shop for golfers of all sorts by carrying an abundance of the latest in golf technology and style. Their slogan "Everything for the Game" says it all.
I'll get into more of what Golf Galaxy has to offer in a minute. First, let's answer the question about how to buy a Golf Galaxy franchise. The unfortunate short answer is your out of luck. Golf Galaxy is a public corporation that is traded on the NASDAQ under the stock symbol GGXY; therefore, the popular chain is not available for franchising. Founded in 1997 the company went public in 2005 and has expanded to over 60 stores in 24 states and plans to continue their growth.
As a leader in the golf retail industry Golf Galaxy offers the best merchandise brands such as Callaway Golf, TaylorMade, Cobra, Cleveland, PING, Titleist, Ashworth, Greg Norman, Nike Golf, adidas, and FootJoy. Their inventory includes anything from golf training aides and equipment to shoes, apparel, accessories, gifts, books, videos and more. To go along with the latest merchandise they also deal in pre-owned clubs and accept trade-ins.
Golf Galaxy has re-invented the golf store by providing more than just a vast array of products. They also provide services such as on-site lessons given by PGA and LPGA professionals. In addition to lessons you can also receive computer video swing analysis, club fittings using hi-tech ball launch monitor technology, club repair and access to certified club technicians. In order to attract shoppers on a more regular basis they also have a state-of-the-art golf simulator where you can play world famous courses, indoor testing facilities and a large
bent-grass putting green for sampling the latest Scotty Cameron putters--or whatever your choice of flatsticks.
Additional Golf Galaxy corporate information:
2006 Sales - $200.1 million
2006 Net Income - $5.3 million
2006 # of Employees - 1,460
Chairman, President, and CEO - Randall K. (Randy) Zanatta
COO and Director - Gregory B. Maanum
CFO - Richard C. (Rick) Nordvold
Golf Galaxy Website
Golf Galaxy corporate offices:
7275 Flying Cloud Dr.
Eden Prairie, MN 55344
Phone: 952-941-8848
Fax: 952-941-8846
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