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

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

Dealers and Distributors

Our weekly roundup of dealers and distributors includes news from Tallon Marine and CWR Electronics. Tallon Marine, the New Zealand-based manufacturer of the integrated accessory systems, appointed Tides Marine of Deerfield Beach, Fla., to distribute its receiver platforms and accessories across the United States. Tides Marine is showcasing Tallon’s products this week at the Marine…more

Dealers and Distributors

Our weekly roundup of dealers and distributors includes news from Ocean House Marina, The Boat Locker and Morgan Yachts. Ocean House Marina of Charlestown, R.I., was named the state’s exclusive dealer for Regulator Marine. Ocean House president and general manager, Rob Lyons, says the Regulator line is a natural fit for Ocean House. “Because Ocean…more

Bradford Grand Bahama honors employees

Bradford Grand Bahama Ltd., one of the Bradford Marine family of companies, recently honored some of its “outstanding employees” with an appreciation celebration. Special service awards were given to 15 Bradford Marine Bahamas employees to commemorate 10 years of service. Those honored included Anton Bain, Jill Bradley, Natasha Brice, Bertram Cash, Elwood Jones, Delbert Knowles,…more

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