Make us your home page
Instagram

Edwin Watts store in Tampa to close as part of bankruptcy sale

TAMPA — Call it a bogey for some golfers.

Golf equipment retailer Edwin Watts' Tampa store, at 11921 N Dale Mabry Highway, is closing as part of a recent sale of the struggling chain.

Edwin Watts filed for bankruptcy protection in November and later sold its assets to Hilco Merchant Resources and an affiliate of Worldwide Golf Shops for $40.8 million. Worldwide Golf Shops also owns Van's Golf Shops, Roger Dunn Golf Shops, the Golf Mart and other golf retailers.

Under terms of the sale, the new owners said they planned to close 42 underperforming stores. The other 48 locations, including the Tampa Bay area's other stores in Brandon and Palm Harbor, will continue to operate under the Edwin Watts name.

In announcing the Chapter 11 filing, Edwin Watts president and chief executive officer John Watson said the decline in the golf industry over the past five years had resulted in sluggish consumer demand. The first half of 2013 was particularly difficult, he said, because of a poor Florida golf season, bad spring weather and the impact of Hurricane Sandy.

The company listed estimated liabilities and assets of $100 million to $500 million.

The Edwin Watts chain was founded in the 1960s by a young golf pro of the same name in Fort Walton Beach. He was credited with expanding the typical pro shop merchandise of shirts and gloves to hard-to-find quality clubs.

An official with Hilco said in a statement that the acquisition of Edwin Watts will help Worldwide Golf Shops grow from a regional player to a national one. Whereas Edwin Watts' stores are primarily in the Southeast, Worldwide's are concentrated in California and Arizona, with a few in Hawaii and the Northeast.

No date has been set for the closure of the Tampa store. The liquidation sale started last week.

Susan Thurston can be reached at sthurston@tampabay.com or (813) 225-3110. Follow @susan_thurston on Twitter.

Edwin Watts store in Tampa to close as part of bankruptcy sale 12/13/13 [Last modified: Friday, December 13, 2013 7:49pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Bealls and West Marine to join Pollo Tropical at redeveloped Kmart site in Clearwater

    Economic Development

    CLEARWATER — The long-vacant shopping plaza on Gulf-to-Bay Boulevard, formerly home to Kmart, is nearing completion, bringing a handful of well-known retailers to the area.

    The long-vacant shopping plaza on Gulf-to-Bay Boulevard, formerly home to Kmart, is nearing completion. .JIM DAMASKE   |   Times
  2. Justice Department says civil rights law does not protect gay people

    Working Life

    The Department of Justice has filed court papers arguing that a major federal civil rights law does not protect employees from discrimination based on sexual orientation in a case now being considered by a New York appeals court.

    Attorney General Jeff Sessions boards his plane at Andrews Air Force Base on Thursday. Sessions is traveling to El Salvador to meet with local leaders and discuss their efforts to fight gangs like MS-13. [Pablo Martinez Monsivais | Associated Press]
  3. Duke Energy quietly builds a $1.5 billion plant in Citrus County

    Energy

    CRYSTAL RIVER — Sequestered in a remote part of Citrus County is the most expensive development project you likely haven't heard of.

    Robby Armstrong, Sr., construction specialist at Duke Energy, leads a tour through construction on the combined cycle natural gas plant at the Crystal River Energy Complex. The $1.5 billion project is the largest Duke Energy combined cycle project. Construction is about midway through and expected to be completed in 2018.
[MONICA HERNDON   |   Times]
  4. Sign up for the daily News at Noon email newsletter

    News

    The Tampa Bay Times has launched a daily newsletter called News at Noon. It'll be the perfect way to catch up with the latest breaking news and our top stories right in your inbox each weekday.

  5. Jeff Bezos tops Bill Gates as world's richest person — for now

    Corporate

    A surge in Amazon.com Inc. shares Thursday morning in advance of the online retailer's earnings report has propelled founder Jeff Bezos past Bill Gates as the world's richest person, according to a Bloomberg report.

    Jeff Bezos, the founder of Amazon, discusses his Blue Origin reusable rocket project in Colorado Springs in April. A bump in the price of Amazon shares in July of 2017 was enough to move  Bezos above Bill Gates, the Microsoft co-founder, who has topped Forbes' billionaires list 18 out of the last 23 years. 
(Nick Cote | The New York Times]