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Why Golfsmith's Potential Bankruptcy Means Nothing to Callaway Golf

Callaway Golf (ELY) has been doing well despite the struggles of major golf equipment retailer Golfsmith, so don't expect the chain's possible bankruptcy to be a huge blow to the golf equipment maker.

According to a report by the New York Post on Tuesday, Golfsmith has failed in an attempt to sell itself and could be pushed to file for bankruptcy within days. In August, Golfsmith hired investment bank Jefferies to find buyers for its 150-store chain.

According to the report, Golfsmith could end up in the arms of Dick's Sporting Goods (DKS) -- which moved quickly to secure lucrative sites from the...