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. Tampa Bay cools down to more moderate home price increases

    Real Estate

    The increase in home prices throughout much of the Tampa Bay area is definitely slowing from the torrid rate a year ago.

    This home close to Bayshore Boulevard in Tampa sold for $3.055 million in August, making it Hillsborough County's top sale of the month. [Courtesy of Bredt Cobitz]
  2. With successful jewelry line, Durant High alum Carley Ochs enjoys 'incredible ride'

    Business

    BRANDON

    As a child Carley Ochs played dress up, draped in her grandmother's furs.

    Founder Carley Ochs poses for a portrait in her Ford Bronco at the Bourbon & Boweties warehouse in Brandon, Fla. on September 19, 2017. Ochs is a Durant High and Florida State University graduate.
  3. At Menorah Manor, planning paid off during Irma

    Nursing Homes

    ST. PETERSBURG — Doris Rosenblatt and her husband, Frank, have lived in Florida all of their lives, so they know about hurricanes.

    Raisa Collins, 9, far left, works on a craft project as Certified Nursing Assistant Shuntal Anthony holds Cassidy Merrill, 1, while pouring glue for Quanniyah Brownlee, 9, right, at Menorah Manor in St. Petersburg on Sept. 15. To help keep its patients safe during Hurricane Irma, Menorah Manor allowed employees to shelter their families and pets at the nursing home and also offered daycare through the week. The facility was able to accommodate and feed everyone who weathered the storm there. [LARA CERRI   |   Times]
  4. After Irma, nursing homes scramble to meet a hard deadline

    State Roundup

    TALLAHASSEE — Florida's nursing homes and assisted-living facilities find themselves in an unfamiliar place this week — pushing back against Gov. Rick Scott's administration over new rules that require them to purchase generator capacity by Nov. 15 to keep their residents safe and comfortable in a power …

    In this Sept. 13 photo, a woman is transported from The Rehabilitation Center at Hollywood Hills as patients are evacuated after a loss of air conditioning due to Hurricane Irma in Hollywood. Nine have died and patients had to be moved out of the facility, many of them on stretchers or in wheelchairs. Authorities have launched a criminal investigation to figure out what went wrong and who, if anyone, was to blame. [Amy Beth Bennett | South Florida Sun-Sentinel via AP]
  5. Trigaux: How Moffitt Cancer's M2Gen startup won $75 million from Hearst

    Business

    TAMPA — A Moffitt Cancer Center spin-off that's building a massive genetic data base of individual patient cancer information just caught the attention of a deep-pocketed health care investor.

    Richard P. Malloch is the president of Hearst Business Media, which is announcing a $75 million investment in M2Gen, the for-profit cancer informatics unit spun off by Tampa's Moffitt Cancer Center. Malloch's job is to find innovative investments for the Hearst family fortune. A substantial amount has been invested in health care, financial and the transportation and logistics industries.