West Marine reported an increase in fourth-quarter sales, but posted an $11 million loss to end a year that disappointed the California-based boating supplies and accessories retailer.
West Marine is the largest specialty retailer of boating supplies and accessories, with nearly 300 company-operated stores in 38 states, Puerto Rico and Canada and five franchised stores in Turkey.
West Marine is planning a grand-opening celebration March 20-23 at its new flagship store in West Islip, N.Y.
West Marine will host the grand opening celebration in March of its newly expanded store in Fajardo, Puerto Rico.
West Marine’s new and larger store in Daytona Beach, Fla., will have a grand opening celebration from Feb. 14-16.
West Marine, the country’s largest retailer of boating supplies and accessories, announced that its New Product Review Day is set for Jan. 31 at the company’s Watsonville, Calif.-based support center at 500 Westridge Drive.
B. Riley & Co. will add West Marine and Marine Products Corp. to the list of marine businesses the company’s analysts will cover in an effort to shed light on the “under-followed” boating industry’s nuances.
West Marine’s three-pronged growth strategy has led B. Riley & Co. to introduce the company at a “buy” rating as the investment banking and analyst firm issued its first assessment of the retail chain.
Net revenues rose 0.7 percent at West Marine in the third quarter to $193.4 million and comparable store sales increased by 0.9 percent. E-commerce sales leaped 20.3 percent following a push by the company to ramp up its direct-to-consumer business. CEO Matthew Hyde said in a conference call with investors and analysts that building the…more
Brownie’s Marine Group, a manufacturer and distributor of dive and safety products, announced that West Marine placed Brownie’s products on its website. Brownie’s has enjoyed a business relationship with West Marine for some years and has an extensive presence at several West Marine stores, but this is the first time that Brownie’s products will appear…more
West Marine announced the grand opening Oct. 3-6 of its California flagship store in Newport Beach. The celebration begins daily at 8 a.m. with in-store events, tips from experts, a fashion show, stand-up paddleboard demos and raffles. On the evening of Oct. 3 a “Cruising for Charity” night will support local marine-based non-profits. The new…more