MarineMax touts 2Q progress in selling older inventory

MarineMax executives were disappointed that they didn’t hit Wall Street’s targets, saying that selling off aging inventory and increasing marketing spending were among the reasons it missed analysts’ second-quarter earnings projections by $1.11 million — although the company still saw year-to-date sales up 34 percent from last year.

Fuel and fishing and plenty more

When Ann Baldree, vice president of Georgia-based Marine Products Corp., went to Capitol Hill for her first American Boating Congress four or five years ago, she invited one of her dealers in the D.C market to come along.

When a user logs in to the MRAA interactive virtual platform, up pops education director Liz Walz, who begins speaking as if she were in the room.

It’s dealer training without leaving home

When boat dealers contemplate training, the time and expense commitment can quickly snowball in their minds. They have to get their staffs to appropriate venues for training — service to technical sessions, sales staff to different events and possibly another training ground for the managers.

NMMA cancels Chicago In-Water Boat Show

The National Marine Manufacturers Association canceled the Progressive Chicago In-Water Boat Show, which was set to take place June 11-14, and will stop producing the annual show.

Beneteau Group reports first-half fiscal results

The Beneteau Group is reporting an 18.2 percent gain in boat sales for the first half of its fiscal year, up from about $230 million between September 2013 and February 2014 to $272.6 million in the same time period through February this year.

Cobalt’s submersible swim step is the focus of the lawsuit.

Cobalt vs. Sea Ray in patent lawsuit

Cobalt Boats is suing Sea Ray Boats, alleging that the company has infringed on Cobalt’s patent for a submersible swim step. The complaint, filed in U.S. District Court for the Eastern District of Virginia, contends that Sea Ray’s “reckless” infringement of the patent has caused Cobalt to lose sales.

downsizing1

Downsizing? Call it ‘right-sizing’

Businesses were so focused on survival after the recession that few have looked ahead to anticipate the next one. But Russo Marine is cutting its overhead by 40 percent by “right-sizing” the dealership, which means selling the flagship store in Medford, Mass., and moving into a smaller one — on a bigger piece of land —…more

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