Golfsmith Sees 4.7 Percent Q2 Comp Gain

Golfsmith International Holdings, Inc. said revenues increased approximately 12 percent in the second quarter ended June 30, to $146.0 million as compared to net revenues of $130.2 million for the second quarter of fiscal 2011. Net revenues reflect a 4.7 percent increase in comparable store sales and a 4.8 percent decrease in net revenues from the direct-to-consumer channel. The sales decline in the direct-to-consumer business reflects a 27.1 percent decrease in our catalog business associated with the declines in the clubmaker catalog channel, partially offset by an 8.3 percent increase in the web channel. The company has opened 10