Citing lingering chilly spring weather, West Marine said its first-quarter revenue was $113.3 million, a decline of less than 1 percent from a year earlier, and comparable-store sales were down 1.7 percent.
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 held the grand opening of its flagship store in West Islip on New York’s Long Island with a “Cruising for a Cause” charity night that raised more than $12,000 for local marine-based organizations.
West Marine is seeking applications for marine conservation grants between $500 and $5,000 that it will award to five to 10 recipients.
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 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.