MINNEAPOLIS, – Oct. 20, 2004 – Golf Galaxy, the interactive golf superstore offering Everything for the Game, has announced plans to open 12 to 15 new stores during its 2005 fiscal year, which begins in March, bringing the total number of Golf Galaxy stores to 46 to 49.
The company also announced that it is in the process of achieving its goal of opening 10 new stores in its 2004 fiscal year. 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, Tenn., Buffalo, N.Y., and Gurnee, Ill.
"We saw some very strong sales and earnings growth in 2003, as well as an increase in comparable store sales increases, which allowed us to implement our most aggressive growth plan ever this past year," said Randy Zanatta, president and CEO of Golf Galaxy. "In 2005, we expect to elevate our growth even further by opening up to 15 new stores. We're very excited about our success, the viability of our business strategy, and our ability to further penetrate new and existing Golf Galaxy markets."
The 10th store to open in fiscal 2004 will be in February of 2005 in San Antonio, Texas. The store will be the first in a multi-store plan for the state of Texas. "Texas has a great golf culture, and our expansion into Texas will be significant with six stores opening throughout the state in the early part of 2005," said Zanatta. "With our expansion into Texas, Golf Galaxy will now have footing in virtually every region of the country, which is key to our goal of achieving a national presence."
Golf Galaxy, a privately held company based in Minneapolis, owns and operates a growing chain of golf specialty stores. The company operates 29 superstores averaging 17,000-square feet in cities throughout the United States. The company's everything for the Game merchandising strategy offers a comprehensive selection of competitively priced brand name golf equipment, accessories, apparel, and golf services in a unique interactive store environment designed to provide customers with friendly pro shop service, superstore selection and guaranteed low prices.
Golf Galaxy provides extensive in-store services including on-site club repair and club fitting, as well as golf instruction by on-staff certified PGA professionals who use digital video swing-capture technology. For more information on Golf Galaxy, visit
http://www.golfgalaxy.com.
