Boat dealers make news when, for example, they add new lines of boats, relocate, get new owners or acquire other dealerships.

West Marine reports 2Q results

West Marine announced net revenues of $215.4 million for the second quarter of 2009, a decrease of 5 percent compared to the same quarter of 2008. Comparable-store sales dropped 1 percent. Comparable-store sales for the second quarter 2009 benefited by $8.4 million, or 4.2 percent, because of a favorable fiscal calendar shift from fiscal year…more

Jerry’s Marine and Donovan form alliance

Jerry’s will serve as engine sales specialist for Donovan’s Marine Power line of inboards Jerry’s Marine Service was recently named the engine sales specialist for Donovan Marine and its Marine Power line of inboards in a new strategic alliance. The agreement is expected to increase sales for Jerry’s Marine and provide customers with a knowledgeable…more


Lead management in the online marketplace

Web pros say success is dependent upon easy-to-navigate sites and fast e-mail responses At a time when sales prospects are so badly needed, marketing experts say marine dealers are letting a surprising number of them slip through their fingers because of inadequate Web sites and poor response to e-mail.   “There’s definitely a lot of…more

Why H&S, Southwestern Yachts shut down

Nautical Enterprises Inc., one of the largest yacht dealers on the West Coast, has joined the list of marine businesses shuttered by a credit market that has made retail and wholesale financing either non-existent or too expensive. NEI is the parent company of H&S Yacht Sales and Southwestern Yachts – with several locations in California.…more

West Marine holding South Carolina seminars

West Marine and the South Carolina Marine Association are holding seminars Aug. 22 at all 10 retail stores in the state. Each store will bring in local marine experts to speak with boaters about best practices and preventative maintenance. The day-long seminar also will cover electronics, engines, fiberglass, trailering and other topics of interest. Several…more

Police searching for missing dealer

Police are investigating the disappearance of California yacht dealer Ed Fitzgerald, who allegedly owes customers, investors and employees hundreds of thousands of dollars. Fitzgerald, owner of Dana Island Yachts in Dana Point, Calif., disappeared last weekend and is wanted by the Orange County Sheriff’s Department as a person of interest in a possible fraud investigation,…more

West Marine settles with SEC, no penalties assessed

West Marine reached a settlement with the Securities and Exchange Commission related to an investigation into the company’s restatement of its financial results for fiscal years 2002 through 2005 and for the first three quarters of fiscal year 2006. The restatement resulted from a company-initiated review in 2007, during which the West Marine identified and…more

Dealers and Distributors

Our weekly roundup of dealers and distributors includes news from Dr. Shrink and SeaArk Boats. Dr. Shrink of Manistee, Mich., appointed new distributors in Bulgaria, Poland and Ireland. Albaco IMPEX Eood in Sofia, Bulgaria, distributes industrial products for the furniture and woodworking industry. The company recently opened a store for boats and marine accessories. Wrap…more

West Marine to open new Florida location

West Marine will celebrate the grand opening Aug. 15-16 of its newest location in Melbourne, Fla. West Marine’s newest store, spanning 10,000 square feet, is the company’s largest in Brevard County and offers a full selection of fishing, electronics, boating and trailering supplies. Store manager Eric Sorrell brings more than 20 years of boating and…more

West Marine reports 2Q results

West Marine reported a 5 percent decline in net revenues for the second quarter, which ended July 4, to $215.4 million from $226.7 million in the year-ago period. The decrease was primarily driven by store closures in 2008 and the first six months of 2009. Same-store sales fell by $2 million, or 1 percent. Comparable…more

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