Golfsmith International Holdings, Inc. (Golfsmith Holdings) is the parent company of Golfsmith International, Inc. (Golfsmith). The Company is a specialty retailers of golf and tennis equipment, apparel, footwear and accessories. The Company operates as an integrated multi-channel retailer, providing is customers, whom the Company refers to as guests, the convenience of shopping in its stores across the nation, through its Internet site, www.golfsmith.com, and from its catalogs. The Company also operates a golf instruction school, the Harvey Penick Golf Academy. The Company offers a number of guest services and guest care initiatives, including its club trade-in program, 90-day playability guarantee, 115% low-price guarantee, its credit card, in-store golf lessons, and SmartFit, its custom club-fitting program. As of January 3, 2009, the Company operated 72 stores in 19 states and 25 markets.