Golfsmith International Holdings, Inc. · Austin, TX United States ·(NASDAQ (GM): GOLF)

You might not be so quick to wrap that 5 iron around a tree if you'd made it yourself. Golfsmith International was founded in 1967 as a mail-order seller of custom-made golf clubs, and it still teaches golfers how to assemble their own irons, woods, and putters. The company sells its products through its catalogs, Web site, and more than 70 golf superstores in about 20 states. The company's stores -- averaging about 20,000 sq. ft. -- sell private-label and brand-name golf equipment, apparel, and accessories, and offer such services as swing analysis. Golfsmith also operates the Harvey Penick Golf Academy, an instructional school for golfers. To read the full description, subscribe now.