Starting this spring, West Marine is taking a new approach with its non-profit BlueFuture program. The program initially supported initiatives on three fronts — youth boating, sustainable fisheries and marine conservation — but the company said it has opted to narrow BlueFuture’s focus with the aim of strengthening its impact.
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 launched its “Do It YourSelfie” social media contest.
West Marine will hold its first Marine Electronics Expo series in eight U.S. markets in four states April 8-9 to allow customers to peruse the newest offerings from manufacturers that include Garmin, Raymarine, Lowrance, Simrad, Shakespeare, ICOM, Fusion and Uniden.
West Marine continued its trajectory of growth in the fourth quarter and for fiscal 2015 and said it anticipates a pretax profit increase of more than 50 percent in 2016.
West Marine is looking for marine-focused non-profits in the Miami area to participate in the Cruising for a Cause charity night the retailer will hold in conjunction with the grand opening of its Aventura, Fla., store.
West Marine will celebrate the grand opening of its store in San Juan, Puerto Rico — its largest on the island — from Feb. 18-20.
West Marine reported double-digit earnings growth year-to-date, with net income of $15.6 million in the third quarter and earnings per share of $0.63, compared to $12.2 million and $0.50 last year.
Marine retailer West Marine is giving $1,500 to 29 youth boating organizations in the company’s first allocation of BlueFuture Fund grants.
West Marine is reporting double-digit second-quarter earnings growth — a 14.4 percent increase from $18.3 million to $20.9 million.
West Marine will accept nominations for 2015 youth boating grants until July 31.