The Bankruptcy of Golfers' Warehouse, Inc.
The Bankruptcy of Golfers' Warehouse, Inc.
The Bankruptcy of Golfers' Warehouse, Inc.
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THE DOWNFALL<br />
• In 2009, GW became unable to obtain new<br />
inventory due to a lack <strong>of</strong> trade credit, the<br />
general economic downturn, and a reduction<br />
in the advance rates on its banking<br />
agreements.<br />
• Inventory levels fell from $6.5 to $ 3.5 million.<br />
• At the rate it was falling, GW would be unable<br />
to sustain operations past August 2009.
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