Financial Report: Golfsmith’s Sales Up 18% for the Year, 38% for the Fourth Quarter

Crediting its national retail strategy, new stores, and customer service programs, Austin, TX-based golf equipment cataloger/retailer Golfsmith reported its sales for the fiscal year ended Jan. 3 increased 18%, from $218.1 million to $257.7 million. Operating income for the year was $12.7 million, compared with $7.7 million for fiscal 2002. Net income was $1.1 million, compared to a net loss of $2.2 million for 2002. Same-store sales rose 7.4%.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.