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Golfsmith bankruptcy brings fresh woes to Under Armour, Nike

The slump in golf has led Nike to stop making golf clubs this year, focusing instead on apparel and footwear.

New York

THE bankruptcy of golf retailer Golfsmith International Holdings Inc brings another round of suffering to the world's biggest athletic brands, which are still reeling from the shutdown of Sports Authority Inc earlier this year.

Nike Inc, Adidas AG and Under Armour Inc all...