Golfsmith loss widens in first quarter

Austin, Texas -- Golfsmith reported Tuesday that it posted a loss of $3.6 million in the first quarter, compared with a loss of $3.1 million in the year-ago period.



Sales improved 11% to $90.5 million for the quarter. Same-store sales grew 8.5%.



On Monday, the golf retailer announced that it is being acquired by Canada's Golf Town in a deal worth about $15.8 million (see related story).